Family News
QCAD has become the first fully regulated Canadian stablecoin (CAD), after meeting all legal requirements and receiving official approval from the regulator in Canada.
Its value is backed 1:1 with Canadian dollars held in supervised financial institutions, ensuring stability, constant audits, and transparency for users.
This stablecoin aims to:
Facilitate faster and cheaper domestic and international payments.
Serve as a bridge between traditional banking in Canada and the Web3 ecosystem, allowing more people to access blockchain services.
Drive digital innovation and expand the use of digital assets in the country.
Following its approval, the company behind the project, Stablecorp, plans to distribute QCAD widely, supported by firms like Circle and Coinbase, and launch it on Base Chain, a network aiming to bring blockchain technology to millions of users.
The global growth of stablecoins — which already exceeds 314 billion dollars — is being accelerated by clearer regulations in countries like the U.S. and Singapore, driving their adoption and security.
blessings and successes
thank you for following me 🫂
