Coinbase announces investment in Canadian stablecoin issuer Stablecorp

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MarsBit
05-14
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Mars Finance News, on May 14, according to Cointelegraph, Coinbase announced its investment in Stablecorp, a Canadian stablecoin issuer, to promote its fiat-backed stablecoin QCAD. At the Blockchain Futurist Conference on May 13, Coinbase Canada CEO Lucas Matheson emphasized the necessity of creating a customized stablecoin for the Canadian market to address existing payment infrastructure challenges. QCAD is a fiat-backed stablecoin based on the Canadian dollar (CAD), issued by Stablecorp.

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