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Joint Venture Announces Launch Of Canadian Dollar-Pegged Stablecoin
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
Tags: QCAD,Stablecoin,the Canadian dollar
Link: Joint Venture Announces Launch Of Canadian Dollar-Pegged Stablecoin [Copy]
