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Canada approves first CAD-pegged stablecoin, QCAD, for secure, fast digital transactions.
Canada has approved QCAD, the first compliant Canadian dollar-pegged stablecoin, under its new regulatory framework.
Issued by Stablecorp Digital Currencies Inc., each QCAD token is backed 1-to-1 by Canadian dollar reserves held in regulated financial institutions and is designed for faster, lower-cost domestic and international transactions.
The approval, granted via a final receipt for its prospectus, marks a milestone in Canada’s digital finance evolution and aligns with the federal government’s November 2025 budget plan to regulate stablecoins to boost safety and trust in digital payments.
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Canadá aprueba la primera stablecoin vinculada al CAD, QCAD, para transacciones digitales seguras y rápidas.