what's QCAD?
QCAD is a stablecoin pegged 1:1 to the Canadian Dollar (CAD), designed to provide a reliable digital representation of fiat currency within blockchain ecosystems. Issued by Stablecorp, a joint venture between 3iQ and Mavennet Systems, QCAD operates primarily as an ERC-20 token on the Ethereum blockchain, enabling seamless integration with decentralized applications, exchanges, and payment systems. It is fully backed by Canadian dollar reserves held in regulated financial institutions, ensuring redeemability and compliance with Canadian financial regulations, including FINTRAC requirements for anti-money laundering. This makes QCAD suitable for cross-border transactions, remittances, and DeFi applications where stability and traceability are essential. The stablecoin has expanded beyond Ethereum to networks like Algorand for enhanced scalability and low-cost transactions, supporting use cases such as instant settlements and micro-payments. Stablecorp maintains transparency through regular attestations of reserves and partnerships with custodians like BitGo and Balance, fostering trust in its infrastructure. QCAD's design facilitates interoperability in the crypto space, bridging traditional finance with blockchain by offering a compliant, fiat-equivalent asset that reduces volatility risks for users and businesses operating in CAD-denominated environments.
QCAD partners Deloitte/Stablecorp for institutional payment rails amid Canada's stablecoin regulation.
Links
x.com/stablecorpPartnered with Deloitte and Stablecorp to build institutional payment rails as Canada advances stablecoin regulation via Bill C-15.
QCAD launches as a Day 1 currency on Circle's Arc blockchain platform, marking Arc's full launch beyond the public testnet phase.
QCAD goes live on Base, deploying the Canadian dollar stablecoin on the Layer 2 blockchain.
QCAD receives approval from Canada's CSA (Canadian Securities Administrators), becoming Canada's first compliant stablecoin, with backing from Coinbase, Circle, and DEFT.
Circle announces QCAD as one of 8 initial partners in new Circle Partner Stablecoins program, integrating into StableFX institutional FX trading platform with 24/7 settlement capabilities and onchain execution.
QCAD selected as one of the currency issuers participating in Circle's Arc blockchain public testnet launch, which features infrastructure for stablecoin-based gas fees and FX liquidity.
QCAD joins Circle's Arc blockchain public testnet as one of seven currency issuers from key geographies, participating alongside hundreds of major financial institutions including banks, exchanges, and payment providers in the testnet launch.
Stablecorp partners with Circle and KeoWorld to build KEO Rails, a blockchain-powered B2B payment settlement system on Algorand enabling 24/7 instant settlement and on-chain stablecoin payments with real-time fiat payouts.
Announces token buybacks program.
Raises $1.8M in strategic funding round.
Coinbase invests in Stablecorp to expand tokenized CAD accessibility.
Coinbase announces strategic investment in Stablecorp to back Canadian stablecoin development.
Added to Coinbase roadmap following exchange's policy change to only list confirmed assets.