QCAD Becomes Canada’s First Fully Compliant CAD Stablecoin
QCAD Becomes Canada’s First Fully Compliant CAD Stablecoin
The QCAD Digital Trust has received final approval for its prospectus under Canada’s new stablecoin rules, officially making QCAD the first CAD-denominated stablecoin to meet national securities regulations.
The approval follows years of collaboration between Stablecorp and the Canadian Securities Administrators to align QCAD with requirements for transparency, oversight, and reserve management. The goal: provide a regulated, trusted digital version of the Canadian dollar for use across both traditional finance and blockchain applications.
Benefits for Canadians
Faster, lower-cost payments:
QCAD enables near-instant, low-cost transfers for e-commerce, payroll, remittances, and both domestic and cross-border payments.
Direct access to the digital economy:
As a tokenized CAD asset, QCAD lets users interact with blockchain apps, digital asset platforms, and Web3 tools without taking on currency volatility.
Transparent, fully backed reserves:
Every QCAD token is backed 1:1 by Canadian dollars held at regulated financial institutions, supported by audits and public reporting to strengthen consumer protection.
Future Outlook
QCAD’s launch is supported by industry participants including Circle and Coinbase and forms part of the broader effort to build compliant digital financial infrastructure in Canada.
Public availability will expand through Stablecorp’s exchange and distribution partners, opening access as adoption grows across payments, financial services, and blockchain-based applications.
