🍁 Canadian dollar-pegged stablecoin on the way
Coinsquare is launching the first Canadian dollar backed stable coin on a one-to-one basis. The eCAD is intended for cross-border payments, remittances, P2P lending, merchant adoption, trade settlements, and as a foreign exchange conversion tool. Coinsquare says the eCAD will be backed by reserves, but did not disclose the method.
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