Coinbase, the leading US cryptocurrency exchange, has announced plans to add QCAD, a stablecoin pegged to the Canadian dollar, to its platform.
QCAD Relaunched
QCAD was relaunched last year by Stablecorp, a digital asset company, with a promise to maintain reserves equal to the amount of QCAD in circulation. It is available on Ethereum, Stellar, and Algorand blockchains.
Regulatory Clarity
Stablecorp CEO Alex McDougall cited increased regulatory clarity from Canadian Securities Administrators as a factor in QCAD’s relaunch.
Neon EVM Support
Coinbase also announced support for Neon EVM (NEON), an Ethereum Virtual Machine that allows developers to build decentralized applications on Solana. NEON is used for gas fees and governance.
