Canadian investment fund manager 3iQ and blockchain company Mavennet have jointly launched a stablecoin pegged to the Canadian dollar.
The crypto, dubbed QCAD, has been developed by Canada Stablecorp, a joint venture between 3iQ and Mavennet, and was officially launched yesterday.
The stablecoin has been built on ETH's blockchain, and according to its developer, it is the "first fully compliant stablecoin with a 1/1 CAD equivalency."
Due to the fact that the stablecoin has not yet been included in market capitalization tracking resources, QCAD transactions can be tracked in the blockchain browser Etherscan. According to this resource, all the tokens of the stablecoin are stored in 5 addresses and its total supply is 150,350 CAD.
According to the official announcement, users can purchase QCAD directly through partners such as DVeX, Newton, Bitvo, Netcoins and Coinsmart.
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