What's Going On With Defi Shares Wednesday? - DeFi Technologies (NASDAQ:DEFT)
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6 Articles
What's Going On With Defi Shares Wednesday? - DeFi Technologies (NASDAQ:DEFT)
Defi Technologies, Inc. (NASDAQ:DEFT) shares are trading higher on Wednesday after the company announced QCAD was approved as Canada’s first compliant CAD stablecoin. What To Know: DeFi Technologies said its venture portfolio company, Stablecorp, and the QCAD Digital Trust received final regulatory approval, qualifying the distribution of QCAD tokens under Canada's stablecoin framework. The company called the approval a national milestone that e…
Stablecorp claims to have first regulator-approved stablecoin tied to Canadian dollar
Stablecorp claims its QCAD cryptocurrency is the first Canadian dollar-linked stablecoin to receive regulatory approval. The Toronto-based company has spent nearly six years building out the necessary rails required to support its CAD-denominated stablecoin. The digital infrastructure firm services the QCAD Digital Trust, an arms-length trust that holds QCAD’s reserve assets and is overseen by an independent trustee. Stablecorp has spent nea…
QCAD has become Canada's first fully compliant CAD stablecoin, offering stable value, faster payments and better access to digital financial services. QCAD article becomes Canada's first compliant CAD stablecoin appeared first on Cointribune.
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