Canada’s First Ever Compliant Stablecoin Is Here

Canada is officially embracing something new: stablecoins.

What’s happening:

• Stablecorp has won official regulatory approval for their QCAD stablecoin to launch in Canada
  

Why it matters:‍

• QCAD is the first stablecoin ever to earn full federal regulatory approval to launch within Canada
  

Going deeper:‍

• DeFi Technologies (NASDAQ: DEFT) is one of the primary investors in Stablecorp and has publicly stated they plan to collaborate closely on providing liquidity rails for QCAD
  
• DeFi Technologies and BTQ Technologies (NASDAQ: BTQ) have also both publicly stated they are developing post quantum cryptography to ensure QCAD will be able to prevent attacks and breaches that could be caused by quantum computers

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