QCAD token
Overview
QCAD is a Canadian dollar-backed stablecoin token on multiple blockchain networks (Ethereum, Avalanche, Polygon, etc.). It is issued by Stablecorp and designed to maintain a 1:1 peg with the Canadian dollar through reserves of fiat currency or cash equivalents. QCAD is primarily used for decentralized finance (DeFi) transactions, remittances, and as a stable store of value in the crypto ecosystem.
Within the DeFi Intel graph, QCAD connects to 1 tracked entity, most strongly to Stablecorp.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issues | Stablecorp | 80% |
Frequently asked questions
What is QCAD?
QCAD is a Canadian dollar-backed stablecoin token issued by Stablecorp, designed to maintain a 1:1 peg with the Canadian dollar through reserves of fiat currency or cash equivalents.
What blockchains does QCAD run on?
QCAD runs on multiple blockchain networks, including Ethereum, Avalanche, and Polygon.
What is QCAD used for?
QCAD is primarily used for decentralized finance (DeFi) transactions, remittances, and as a stable store of value in the crypto ecosystem.