The highest US crypto trade Coinbase has introduced {that a} stablecoin pegged to the Canadian greenback might quickly be buying and selling on its platform.
Saying through the social media platform X, Coinbase says it’s including QCAD to its itemizing roadmap, which alerts prospects that the corporate might quickly add assist for sure property.
QCAD was relaunched final yr by digital asset firm Stablecorp with the promise to take care of reserves not less than equal to the quantity of QCAD in circulation on public blockchains. QCAD is obtainable to be used on Ethereum (ETH), Stellar (XLM) and Algorand (ALGO) blockchains.
Stablecorp CEO Alex McDougall mentioned final yr,
“We’re extraordinarily excited to deliver this asset again to the Canadian market at scale. With the soundness of the Canadian banking system and international trade charges with the US Greenback at multi-year highs, we’ve seen demand for QCAD climb and on-chain international trade volumes with USDC rise. Now, with elevated regulatory readability from the Canadian Securities Directors, the timing is ideal to deliver Canadians a clear, environment friendly stablecoin.”
Coinbase additionally announced assist for Solana (SOL)-based Neon EVM (NEON). Neon EVM is an Ethereum Digital Machine (EVM) that goals to allow builders to construct and deploy decentralized functions (DApps) from EVM chains to Solana. NEON serves because the mission’s utility token for fuel charges and governance.
NEON is buying and selling at $1.14 at time of writing, down 3.5% up to now 24 hours.
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