QCAD becomes one of the first CAD-pegged stablecoins approved by regulators in Canada

DeFi Technologies’ subsidiary Stablecorp’s QCAD has received approval from Canadian regulators, officially gaining final recognition as a digital asset trust. This breakthrough marks the compliance operation of a CAD-backed digital currency in Canada, opening the door to establishing standardized fiat on-ramps.

The Deeper Significance of Regulatory Approval

The successful licensing of the CAD stablecoin QCAD reflects Canada’s regulatory attitude towards digital assets. This CAD-pegged stablecoin’s approval paves the way for payment settlement and capital market applications, marking a new phase in the digital CAD ecosystem. Compared to other regions still exploring regulatory pathways, Canada has taken the lead in providing a clear compliance framework.

DeFi Technologies’ Strategic Layout

As early as September, DeFi Technologies announced a strategic investment in Stablecorp, making QCAD its primary CAD solution for products and trading platforms. The company plans to launch multi-tiered products under the Valour brand:

• ETP Products: Exchange-traded products linked to the CAD
• Yield Products: CAD-denominated yield solutions
• Structured Products: Complex investment structure tools

Institutional-Level Service Capabilities

DeFi Technologies commits to providing institutional-grade liquidity support for QCAD, meaning large transactions are no longer an issue. It will also open cross-border payment channels, allowing institutional investors to conduct international transfers conveniently. The完善发行和赎回机制，确保了稳定币的有效性和透明度。

Canada’s move in the compliant stablecoin field could serve as a model for other countries to follow.