The official launch of QCAD, Stablecorp’s Canadian dollar stablecoin, to the Arc Testnet on StableFX is a major milestone in building robust, institutional-grade foreign exchange infrastructure directly onchain. At the same time, this integration brings native CAD-denominated stablecoin capabilities to USDC in the Arc ecosystem, empowering developers and institutions with programmable FX flows between the Canadian dollar and Dollar on-chain. As part of the announcement, it is noted that StableFX will allow near-real-time, atomic settlement between liquidity pools for CAD and USD, possibly lessening the friction associated with cross-border foreign exchange infrastructure. This rollout is also indicative of the wider
The post QCAD Launches On Arc To Expand Institutional FX Infrastructure Onchain appeared first on The Merkle News.
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The influx of stablecoins in the cryptocurrency space cannot be ignored. Although numerous projects compete with one another, Tether’s USDT remains the dominant market. Foreign stablecoins, such as the one backed by the Euro, are also successful, albeit with less volume. It now appears a Canadian stablecoin will be issued, although there are some concerns regarding the project itself. The QCAD Concept One has to commend every single project which aims to digitize fiat currencies and create a more useful variant of said currency. In Canada, it would be logical to see a stablecoin backed by the Canadian Dollar at
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