Leading U.S. cryptocurrency exchange Coinbase announced that stablecoins pegged to the Canadian dollar will soon be able to be traded on its platform.
Social media platform Called The company is adding QCAD to its listing roadmap to let customers know that the company may soon add support for their specific assets.
QCAD was relaunched last year by digital asset company Stablecorp with a promise to maintain reserves at least equal to the amount of QCAD in circulation on public blockchains. QCAD is available on Ethereum (ETH), Stellar (XLM), and Algorand (ALGO) blockchains.
Stablecorp CEO Alex McDougall said last year:
“We are excited to bring this asset back to the Canadian market at scale. With the stability of the Canadian banking system and the exchange rate against the US dollar at multi-year highs, we have seen increased demand for QCAD and increased on-chain forex trading volume against USDC. Now, with increased regulatory clarity from Canadian securities administrators, it is the perfect time to provide Canadians with a transparent and efficient stablecoin.”
Coinbase too presentation Supports Neon EVM (NEON) based on Solana (SOL). Neon EVM is the Ethereum Virtual Machine (EVM) that aims to enable developers to build and deploy decentralized applications (DApps) on the EVM chain to Solana. NEON serves as the project’s utility token for gas fees and governance.
NEON is trading at $1.14 at the time of this writing, down 3.5% in the last 24 hours.
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