Express

Joint Venture Announces Launch Of Canadian Dollar-Pegged Stablecoin

Janelle Fox

Summary: A new Canadian dollar pegged stablecoin may help digitize the North American nation’s financial markets. On Monday Canada Stablecorp announced it would be launching a "QCAD" stablecoin for “mass market,” including foreign exchange remittances and other financial products. According to Canada Stablecorp CEO Jean Desgagne the QCAD will be used as both a means of ...

A new Canadian dollar pegged stablecoin may help digitize the North American nation’s financial markets.

On Monday Canada Stablecorp announced it would be launching a "QCAD" stablecoin for “mass market,” including foreign exchange remittances and other financial products. According to Canada Stablecorp CEO Jean Desgagne the QCAD will be used as both a means of payment and a settlement solution.

Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, a company that recently obtained approval to launch a bitcoin fund, and Mavennet Systems, a blockchain development firm that began operating last year.

By Janelle Fox

Last Update:

Tags: ,,
Link: Joint Venture Announces Launch Of Canadian Dollar-Pegged Stablecoin   [Copy]
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 2 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 3 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 14 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 15 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 17 days ago
  • You need to login to comment.