Stablecorp has been granted permission to issue Canada's first regulated Canadian dollar stablecoin, QCAD.

BlockBeats News, November 25th, Canadian digital asset infrastructure company and QCAD digital trust fund service provider Stablecorp Digital Currencies Inc. (referred to as "Stablecorp") announced today that, after years of regulatory approval process, the QCAD digital trust fund has received the final prospectus receipt, which complies with the current Canadian stablecoin regulatory framework, allowing the issuance of QCAD tokens. This marks QCAD as the first regulated Canadian dollar stablecoin.