RATE Group | Canada Stablecorp announced its first stablecoin, QCAD
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Canada Stablecorp announced its first stablecoin, QCAD

12 Feb Canada Stablecorp announced its first stablecoin, QCAD

Posted at 11:45h in Cryptocurrency News by

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Canadian cryptocurrency company, Canada
Stablecorp, recently announced that it successfully launched its
first mass-market stablecoin. The coin in question, known as QCAD, is pegged to
the Canadian dollar.

The company further stated that anyone can buy QCAD directly through some of its partners, including Coinsmart, Netcoins, Newton, Bitvo, or DVeX. The coin is already paired against three different cryptocurrencies, including Bitcoin, Ethereum, as well as another stablecoin — USDC.

Furthermore, the coin is also supported by
custodians such as BitGo and Balance, while settlement and payment integration
is achieved through Gilded Finance and Bidali.

Details about QCAD

As some may know, Canada Stablecorp is a joint
venture created by a blockchain firm Mavennet and a crypto asset manager known
as 3iQ. It created its QCAD stablecoin on Ethereum’s network, using a popular
standard ERC-20.

The coin comes with full traceability, total
stability of Canada’s native fiat currency,…

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