For myself, as someone who banks in Canada and a Canadian citizen, I'm just looking at the definition of stablecoin—“a digital asset that is intended or designed to maintain a stable value” relative to some fiat currency. Why would I, as a consumer, ever be interested in buying a stablecoin with a value of one loonie rather than having one loonie in my digital bank deposit? Isn't that a digital store of value? There is no loonie in existence when RBC has my bank account. If there's one loonie in my bank account, that loonie doesn't actually exist. It's a digital asset, is it not? How is this different?
