#stablecorp

➤ Stablecorp has integrated its Canadian dollar stablecoin, QCAD, with Circle's StableFX on the Arc testnet, enabling onchain CAD/USD settlement. ➤ This integration aims to create a more efficient digital backbone for the USD/CAD foreign exchange corridor, reducing settlement risk and improving capital efficiency for institutions. ➤ The move signifies a step towards migrating institutional FX onto on-chain rails, leveraging stablecoins and blockchain technology for faster, compliant transactions.

➤ Deloitte Canada and Stablecorp are collaborating to build stablecoin infrastructure for Canadian financial institutions, focusing on integrating the QCAD stablecoin into institutional payment systems. ➤ The initiative aims to prepare banks for stablecoin adoption by offering 24/7 payment processing, faster settlements, and enhanced transparency, even before a full regulatory regime is established. ➤ This partnership aligns with Canada's efforts to regulate fiat-backed stablecoins, as seen in Bill C-15, and reflects a broader global trend towards stablecoin regulation and adoption.