New Canadian Dollar-Pegged Stablecoin QCAD to be Regulated by FinTRAC

QCAD total supply accounts for about 150,000 CAD at the launch.

It's based on the Ethereum blockchain, QCAD implements popular token standard ERC-20 and is targeting the mass market. 

The coin is not the first stablecoin pegged to the Canadian dollar. To date, there are at least two other CAD-pegged stablecoins, including Coinsquare-backed eCAD and TrustToken’s TrueCAD.

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