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QCAD (QCAD) is a Canadian Dollar stablecoin* developed by Canada Stablecorp Inc. built using the ERC-20 standard on top of the Ethereum blockchain. QCAD is the first Canadian dollar stablecoin* that was designed for mass market.The coin is a digital asset that is pegged to the Canadian Dollar, meaning that 1 QCAD is worth $1 Canadian Dollar.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
*聽Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
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