QCAD will allow us to streamline payments and will unlock a whole new set of capabilities for Newton customers." "Stablecoins are proving to be a very important evolution in the digital asset industry, and QCAD is far and away the most reputable project in Canada. With the launch of QCAD, the Stablecorp team is filling a gap in the market that Bitvo customers have been searching for and requesting for some time" "Bitvo is excited to be a part of the team bringing QCAD to digital asset traders, both retail and institutional. Netcoins main goal is to help Canadians learn about and access digital currencies, and partnering with Stablecorp on the QCAD launch aligns perfectly with this goal" The ability to send and receive Canadian Dollars around the world instantly via QCAD, with almost zero fees, or limits, is an absolute game-changer. "Netcoins is absolutely thrilled to be part of this historic moment in Canadian finance. QCAD is Canada's first fully complaint stablecoin with a 1/1 CAD equivalency, which will enable DV's clients to trade and settle in a CAD-equivalent token providing a faster and safer crypto on/off ramp, along with a seamless and near instant delivery process" "The DV team is excited to announce our partnership with Stablecorp, where DV Chain and DVeX will act as an authorized dealer for their newly launched Canadian dollar stablecoin. QCAD Ecosystem launch partners offered the following statements of support: QCAD is in a position to act as the settlement mechanism for these next generation solutions." "We believe the future of equity and bond trading in this country will move towards digital rails. According to Fred Pye, President and CEO of 3iQ Corp, this is the next logical step for capital markets in Canada. Kesem Frank, President of Mavennet Systems, stated, "QCAD is a significant stepping stone for the Canadian financial market, establishing an imperative link to the world of digital assets."įor 3iQ, this launch comes on the heels of a recent approval of the Bitcoin Fund with the Ontario Securities Commission. Throughout the past year, stablecoins have become the fastest growing digital asset class, expanding from USD $2.4 Billion in Oct 2018 to over $4.94 Billion in November 2019. Stablecoins are a critical link between legacy financial infrastructure and the digital native world. Stablecoins provide the advantages of blockchain-based digital assets, while providing an anchored price point. The digital asset landscape is traditionally characterized by highly volatile price points even for the most prominent assets such as Bitcoin and Ether. QCAD represents a significant opportunity to set a new standard of transparency and auditability in digital currencies and will help drive trust and mass adoption of stablecoins." According to Jean Desgagne, CEO of Canada Stablecorp "We are excited to be creating an important piece of financial market infrastructure for Canada that will serve the digitization of capital markets and provide a robust payment and settlement solution. QCAD is the first Canadian dollar stablecoin designed for the mass market. Stablecorp plans to extend the asset to other networks in the future.
Qcad crypto full#
It is built on the Ethereum blockchain by utilizing the ERC-20 standard and enjoys the full benefits of enabling seamless settlement and full traceability. QCAD is Stablecorp's first product release, and is a digital asset with the stability of the Canadian dollar.
is a joint venture between 3iQ, Canada's largest cryptoasset manager and Mavennet Systems, a leader in blockchain development. Payment and settlement integration is available through Bidali and Gilded Finance.Ĭanada Stablecorp Inc. QCAD is fully supported by cryptocurrency custodians Balance and Bitgo. Trading pairs are offered against Bitcoin, Ether and USDC. Starting today, users can purchase QCAD directly through ecosystem partners DVeX, Newton, Bitvo, Netcoins and Coinsmart. 11, 2020 /PRNewswire-PRWeb/ - Canada Stablecorp Inc announced the official launch of its Canadian Dollar stablecoin "QCAD".
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