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Stablecorp Issues The First Non-USD-Backed Stablecoin QCAD On Algorand Blockchain

Mary Liu

Summary: According to PR Newswire, Stablecorp, the issuer and management company of QCAD (Canadian Dollar Stablecoin), has made a partnership with the decentralized blockchain network Algorand. Under the partnership, Stablecorp will launch QCAD on the Algorand blockchain, QCAD will become the first non-USD-backed stablecoin on the network. Algorand will provide QCAD with instant confirmation, micropayment and automatic ...

According to PR Newswire, Stablecorp, the issuer and management company of QCAD (Canadian Dollar Stablecoin), has made a partnership with the decentralized blockchain network Algorand.

Under the partnership, Stablecorp will launch QCAD on the Algorand blockchain, QCAD will become the first non-USD-backed stablecoin on the network. Algorand will provide QCAD with instant confirmation, micropayment and automatic wallet support. In addition, the first synthetic foreign exchange transaction between USDC and QCAD on the Algorand blockchain will be available soon.

By Mary Liu

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Link: Stablecorp Issues The First Non-USD-Backed Stablecoin QCAD On Algorand Blockchain   [Copy]
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