New Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC

Cointelegraph

Published Feb 11, 2020 05:11PM ET

Updated Feb 11, 2020 07:02PM ET

New Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC

Major Canadian investment fund manager 3iQ and blockchain firm Mavennet co-launched a new regulated stablecoin pegged to the Canadian dollar (CAD).

Developed by Canada Stablecorp, a joint venture between 3iQ and Mavennet, QCAD is the latest CAD-based stablecoin and was officially launched on Feb. 11.

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