Express

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

Last Update:

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

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.