QCAD Receives Full Approval as Canada’s First Digital Dollar

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ALT-2.016%

Source: Coinmarketcap

Updated: Nov 27 2025

QCAD Approval: Stablecorp Digital Currencies Inc. announced that the QCAD stablecoin has received full regulatory approval, making it the first compliant Canadian dollar stablecoin in Canada after a multi-year review.
Significance for Canada: The approval signifies Canada's readiness to integrate digital currency into the mainstream financial system with established regulations and protections, enhancing the usability of digital payments.
Structure and Benefits: QCAD is designed to maintain a fixed value of one Canadian dollar, backed by reserves held at regulated institutions, facilitating faster and cheaper transactions for users, particularly benefiting freelancers dealing with international clients.
Market Trends: The article also highlights the growth of PayPal's PYUSD stablecoin, which has reached a market cap of $3.8 billion, primarily hosted on the Ethereum network, indicating the increasing importance of stablecoins in the financial landscape.

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.

QCAD Receives Full Approval as Canada’s First Digital Dollar

About the author

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