Solana (SOL) Welcomes Canadian Digital Dollar QCAD: Details

QCAD, one of the newest stablecoin projects pegged to the Canadian dollar, makes Solana (SOL) its fourth blockchain platform. Forex traders can now make trades between fiat-pegged assets at 16x lower prices.

Multi-chain Canadian Digital Dollar, QCAD Coming to Solana (SOL): Details

QCAD, a CAD-based stablecoin from local fintech infrastructure provider Stablecorp, starts on top of the Solana (SOL) blockchain. It can be integrated into Solana-based dApps, to preload payment cards and pay bills, while the Solana Pay integration is expected to be announced in the first quarter of 2024, according to the Stablecorp statement.

The stablecoin represents a fully reserved digital dollar denominated in CAD. QCAD is backed 1:1 by cash and cash equivalents held by Tetra Trust Company, a Canadian regulated custodian. Previously, the stablecoin was implemented on the Ethereum (ETH), Algorand (ALGO), and Stellar (XLM) blockchains.

So far, CoinMarketCap only tracks one CAD-pegged stablecoin, called CAD Coin (CADC), which is only traded on obscure decentralized exchanges. As such, QCAD attempts to fill the gap for Canadian natives and traders.

Alex McDougall, CEO of Stablecorp, is excited about the importance of this stablecoin for the cross-border remittance segment and daily payment operations:

The power of digital money like QCAD is only beginning to be understood as integrations like this one with Solana come online. Imagine a student coming to study in Canada who can now use on-chain rails to access QCAD from their local currency extremely efficiently and who can now use those same efficient rails to fund and spend on campus and across Canada. . All this without the hassle of opening a Canadian bank account. We are very excited to bring these payment solutions to both existing digital asset native users and the next generation of users who are rapidly entering the space.

Since the start of its operations, QCAD is available on Stablecorp’s native Grapes Finance exchange platform in pairs with the US dollar.

New opportunities for Forex traders

The launch of the new stablecoin opens up incredible opportunities for forex traders and arbitrage robots. For example, once QCAD goes live on Orca Finance, it can be exchanged with Circle’s USDC for a 0.15% fee.

However, in “classic” fiat-only exchanges with credit cards and bank transfers, such operations are charged with fees of 4% or more.

As U.Today previously reported, a month ago, Solana (SOL) incorporated EUROe, the first regulated MICA-compatible stablecoin in the European Union.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة