According to BitcoinWorld, the CAD-backed stablecoin QCAD has received regulatory approval in Canada, becoming the first of its kind to gain official clearance in the country. Issued by Toronto-based Stablecorp, QCAD is fully backed by Canadian dollars, offering users a stable and compliant digital currency option. The approval is seen as a significant step for crypto adoption in Canada, providing legal security, reduced volatility, and ease of use for transactions. The move also positions Canada as a leader in crypto regulation and may inspire similar projects globally.
CAD-Backed Stablecoin QCAD Gains Regulatory Approval in Canada
BitcoinWorldShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.