QCAD is in a position to act as the settlement mechanism for these next generation solutions. “We believe the future of equity and bond trading in this country will move towards digital rails. According to Fred Pye, President and CEO of 3iQ Corp, this is the next logical step for capital markets in Canada. “QCAD is a significant stepping stone for the Canadian financial market, establishing an imperative link to the world of digital assets.” - Kesem Frank, President of Mavennet Systemsįor 3iQ, this launch comes on the heels of a recent approval of the Bitcoin Fund with the Ontario Securities Commission. Throughout the past year, stablecoins have become the fastest growing digital asset class, expanding from USD $2.4 Billion in Oct 2018 to over $4.94 Billion in November 2019. Stablecoins are a critical link between legacy financial infrastructure and the digital native world. Now click on the 'Trade' button next to the coin and you'll see a box similar the the one below. You can either scroll to QCAD or type it in the 'Search all assets' box. Stablecoins provide the advantages of blockchain-based digital assets, while providing an anchored price point. All you need to do is click on the 'Prices' option in the top menu bar and you'll see a list of all the supported cryptocurrencies on Coinbase. The digital asset landscape is traditionally characterized by highly volatile price points even for the most prominent assets such as Bitcoin and Ether. QCAD represents a significant opportunity to set a new standard of transparency and auditability in digital currencies and will help drive trust and adoption of stablecoins.” - Jean Desgagne, CEO of Canada Stablecorp, “We are excited to be creating an important piece of financial market infrastructure for Canada that will serve the digitization of capital markets and provide a robust payment and settlement solution. QCAD is the first Canadian dollar stablecoin designed for mass market. Stablecorp plans to extend the asset to other networks in the future.
#QCAD CRYPTO FULL#
It is built on the Ethereum blockchain by utilizing the ERC-20 standard and enjoys the full benefits of enabling seamless settlement and full traceability. QCAD is Stablecorp’s first product release, and is a digital asset with the stability of the Canadian dollar. is a joint venture between 3iQ, Canada’s largest cryptoasset manager and Mavennet Systems, a leader in blockchain development. QCAD is fully supported by cryptocurrency custodians Balance and Bitgo, and payment & settlement integration is available through Bidali and Gilded Finance.
Trading pairs are offered against Bitcoin, Ether and USDC. Starting today, users can purchase QCAD directly through ecosystem partners DVeX, Netcoins, Bitvo, Newton, and Coinsmart. It allows anyone to start their own crypto exchange with their own coins and digital. is excited to announce the official launch of its Canadian Dollar stablecoin “QCAD”. Whats the difference between FreeCAD, Fusion 360, and QCAD.
While he may not be the typical interviewee for this podcast, Jean’s vast experience both in business and in life will undoubtedly prove highly valuable for all listeners in today’s informative episode.Canada Stablecorp Inc. Jean draws the episode to a close by sharing what he does with whatever time he has away from his work. He then goes on to discuss Stablecorp’s profit opportunity, his vision for the next 3-5 years, and his own investment strategy, particularly regarding the startups and AI in which he invests.
Our conversation begins with Jean offering an extensive explanation of blockchain and cryptocurrencies, how they work, as well as his description of QCAD. Currently, he is also a Board member of CAA and CPA Ontario. Jean led the launch of QCAD by managing day-to-day operations and leveraging his deep network and expertise gained from three decades in Canada’s financial services industry as President and CEO of The Canadian Depository for Securities Limited and several TMX Group companies. Created as a partnership between 3iQ, Canada’s leading crypto asset manager, and Mavennet, a recognized leader in the blockchain development space, Stablecorp is behind the issuance of QCAD, the first ever fully-compliant Canadian-dollar stablecoin designed for the mass market.
Jean Desgagne, retired banking executive and CEO of Stablecorp, joins me on the podcast today.
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