BIGG Digital Assets, owner of Netcoins (netcoins.ca), a leading Canadian cryptocurrency trading platform, has announced that it has launched support for Stablecorp’s new Canadian dollar-backed QCAD effective immediately via its OTC trading desk and Netcoins.app trading platform.
Canada Stablecorp Inc. is a joint venture between 3iQ, Canada’s largest crypto asset manager and Mavennet Systems, a leader in blockchain development. QCAD is Stablecorp’s first product release and is a digital asset with the stability of the Canadian dollar. 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. Stablecorp plans to extend the asset to other networks in the future.
QCAD is the first Canadian dollar stablecoin designed for the mass market, according to Jean Desgagne, CEO of Canada Stablecorp, “Canada can now be included as a country that is addressing the digitization of traditional currencies and providing a robust payment and settlement solution. 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.”
“Netcoins is absolutely thrilled to be part of this historic moment in Canadian finance. 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 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,” said Mitchell Demeter, President of Netcoins.