Climatetrade announces a partnership with Algorand and Investment from Borderless Capital newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
Stablecorp Launches QCAD Stablecoin on Algorand Blockchain
News provided by
Share this article
Share this article
First Digital Canadian Dollar Stablecoin sets the stage for advanced settlement, B2B transactions, and payments infrastructure in the growing Canadian crypto ecosystem.
TORONTO, Dec. 10, 2020 /PRNewswire/
Stablecorp, the firm behind the issuance and management of the QCAD (the Canadian Dollar stablecoin), announced a partnership with Algorand, the leading scalable, secure and decentralized blockchain network, to launch the digital asset on the Algorand blockchain. Stablecorp has been awarded an Algorand Foundation Grant and through this collaboration will continue to grow the fiat-backed stablecoin capability on Algorand and will be the first non-USD backed stablecoin to be issued on the network.