VERSABANK APPLAUDS CANADIAN PRIME MINISTER MARK CARNEY AND FINANCE MINISTER FRANÇOIS-PHILIPPE CHAMPAGNE ON PLANNED STABLECOIN REGULATION / BANK INITIATES COLLABORATIONS FOR STABLECOIN CUSTODY SOLUTIONS
– Planned Stablecoin Regulation in Canada Supports Potential New Revenue Stream for VersaBank as Bank Advances Toward Commercialization of its Proprietary Tokenized Deposit Opportunity – LONDON, ON , Nov. 20, 2025 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today applauded Canadian Prime Minister Mark Carney and Finance Minister François-Philippe Champagne on the planned regulation of stablecoins outlined in the 2025 Federal Budget ("the Budget"), which the Bank believes will enable Canada to reap significant economic benefit by continuing its global leadership in the banking and finance industries. With the passage of the Budget on November 17, 2025, VersaBank has initiated collaborations with third-party stablecoin issuers on national bank-based, SOC2 Type 1-certified custody solutions that are consistent with the government's planned regulation for stablecoins in Canada.
