Crypto Exchange Coinbase Adds New Canadian Stablecoin to Listing Roadmap
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 01 2024- Coinbase Adds Canadian Stablecoin: Coinbase plans to list a stablecoin pegged to the Canadian dollar, QCAD, on its platform.
- QCAD by Stablecorp: QCAD was relaunched by Stablecorp with reserves equal to the amount in circulation on public blockchains and is available on Ethereum, Stellar, and Algorand blockchains.
- Stablecoin Demand in Canada: Stablecorp CEO notes high demand for QCAD due to stability of Canadian banking system and exchange rates with the US Dollar.
- Support for Solana-based NEON: Coinbase also announced support for NEON, an Ethereum Virtual Machine (EVM) on Solana, enabling DApp development.
- NEON Trading: NEON is currently trading at $1.14, down 3.5% in the past 24 hours.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
