Watching CAD after yesterday's CPI for stablecoin implications

The CAD CPI numbers yesterday definitely caught my eye. While the headline figure wasn't a shocker, some of the underlying components suggest inflation might be stickier than the BoC wants to admit. It feels like they're in a tough spot between supporting growth and taming price pressures.

I've been thinking about what that means for stablecoin adoption, particularly for cross-border payments involving CAD. If the Canadian dollar remains volatile due to rate uncertainty, the appeal of a USD-pegged stablecoin for businesses dealing with CAD inflows/outflows could grow. I'm watching $EURCAD today around 1.61196 as a proxy, and it feels like there's still a lot of push and pull. Curious to hear if others are seeing similar dynamics play out in their own watchlists, especially for any fintechs here using stablecoins for settlement.