Canada Stablecorp Inc Launches Canadian Stablecoin "QCAD"

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Canada Stablecorp Inc has launched an official launch of "QCAD", its Canadian Dollar stablecoin, which would be used for "mass market". From today, customers could buy QCAD directly via ecosystem partners Coinsmart, DVeX, Bitvo, Newton and Netcoins. Trading pairs have been provided against Bitcoin, USDC and Ether.
QCAD has full support from crypto custodians Bitgo and Balance. Integration of Payment and settlement was available via Gilded Finance and Bidali.
Canada Stablecorp Inc. is a joint venture between a blockchain development leader, Mavennet Systems and largest crypto asset manager of Canada, 3iQ. QCAD was the first product release of Stablecorp Inc. It has been developed on the Ethereum blockchain, which has utilized the ERC-20 standard and gets full benefits of facilitating full traceability and seamless settlement. Stablecorp planned to expand the asset to other networks in coming years.



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