Digital asset company Stablecorp to relaunch stable currency QCAD denominated in Canadian dollars

On April 13th, digital asset company Stablecorp announced that it will relaunch the Canadian dollar denominated stable currency QCAD, which will be issued by its subsidiary, Stablecorp Digital Currencies Inc., which operates and manages reserves of stable currency. The company stated that in order to maintain a 1:1 ratio between QCAD and the Canadian dollar, it will maintain reserves of cash and cash equivalents equal to or greater than the circulation of QCAD. （marketwatch）

Digital asset company Stablecorp to relaunch stable currency QCAD denominated in Canadian dollars

| Heading | Subheading |
| — | — |
| 1. Introduction | Background Information |
| 2. Stablecorp | Company Overview |
| 3. QCAD | Currency Overview |
| 4. Relaunch of QCAD | Reason Behind Relaunch |
| 5. QCAD’s Connection with the Canadian Dollar | 1:1 Ratio |
| 6. How QCAD is Managed and Operated | Methods Used |
| 7. Benefits of Using Stablecoin like QCAD | Advantages |
| 8. Conclusion | Final Thoughts |

# Stablecorp to Relaunch QCAD, a Canadian Dollar Stablecoin
Stablecoin is not new to the market, and the latest news is that Stablecorp, a digital asset company, has announced the relaunch of its Canadian dollar stablecoin – QCAD. This stablecoin will be issued by Stablecorp Digital Currencies Inc., a subsidiary of Stablecorp, which also manages the reserves of stable currency. According to a Market Watch report on April 13, 2021, Stablecorp announced that it would maintain a ratio of 1:1 between QCAD and the Canadian dollar, which means it will maintain reserves of cash and cash equivalents equal to or greater than the QCAD in circulation.

1. Introduction

Stablecoins have gained popularity among investors and traders around the world. They are digital assets primarily designed to maintain a stable value or price that is pegged to a real-world asset, such as a national currency, like the US dollar or the euro. This feature makes them an attractive investment option in terms of stability and security. Stablecoins are also used to facilitate transactions on crypto exchanges, where standard cryptocurrencies face price volatility.

2. Stablecorp

Stablecorp is a Canadian digital asset company that focuses on the development and management of stablecoins. It was founded in 2019 and aims to meet the market demand for stablecoins by providing a reliable and secure option for trading, investment, and transactions. It is backed by Canada’s largest independent trust company, which provides custody for its coins.

3. QCAD

QCAD is a Canadian dollar-pegged stablecoin that Stablecorp developed with the aim of providing a secure and stable option for trading and investment. Its value is pegged to the Canadian dollar, which means its price remains stable or fluctuates within a narrow range around the Canadian dollar.

4. Relaunch of QCAD

Stablecorp’s announcement of the relaunch of QCAD came after it suspended the coin’s trading in October 2020. The reason for the suspension was due to the sudden increase in demand for QCAD, which exceeded its reserve capacity. The relaunch will provide improved liquidity and a secure option for investors and traders to access the Canadian dollar.

5. QCAD’s Connection with the Canadian Dollar

Stablecoins are designed to provide stability and security. Therefore, QCAD is pegged to the Canadian dollar, which means it will maintain a ratio of 1:1 with the Canadian dollar. This means that the value of the QCAD is equal to the Canadian dollar, making it secure for transactions and trading.

6. How QCAD is Managed and Operated

To maintain the 1:1 ratio between QCAD and the Canadian dollar, Stablecorp will ensure that its reserves of cash and cash equivalents are equal to or greater than the amount of QCAD in circulation. This means that Stablecorp will hold a reserve of Canadian dollars to back up every QCAD in circulation. This ensures that the QCAD remains stable and secure for investment, trading, and transactions.

7. Benefits of Using Stablecoin like QCAD

Stablecoins have several advantages over traditional cryptocurrencies. This is because they are stable, secure, and reliable, and they provide investors and traders with a low-risk option for trading, investment, and transactions. Using a stablecoin like QCAD provides the following benefits:
– Reduced risk of price volatility
– Enhanced liquidity
– Easy to understand and use
– Fast transactions and transfers
– Low transaction fees

8. Conclusion

Stablecorp’s announcement to relaunch QCAD is a significant move in the digital asset industry. The relaunch will provide a stable and secure option for investors and traders to access the Canadian dollar. QCAD will provide improved liquidity and stability for trading and transactions.

FAQ

1. What is a stablecoin?
– Stablecoin is a digital asset primarily designed to maintain a stable value or price that is pegged to a real-world asset, such as a national currency.
2. Why did Stablecorp suspend trading of QCAD in October 2020?
– Stablecorp suspended trading of QCAD due to the sudden increase in demand for QCAD, which exceeded its reserve capacity.
3. What are the benefits of using a stablecoin like QCAD?
– Stablecoins like QCAD provide several benefits, including reduced risk of price volatility, enhanced liquidity, easy to understand and use, fast transactions and transfers, and low transaction fees.
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