QCAD maintains a stable value of 1 Canadian dollar by holding 1-to-1 dollar reserves for each issued QCAD at regulated financial institutions. The Canadian dollar reserves are subject to regular audits and public attestations. QCAD became Canada's first compliant CAD stablecoin after the Canadian Securities Administrators issued a receipt for the prospectus on November 20, 2025.

Canada's first regulatory-compliant Canadian dollar stablecoin (QCAD), fully backed 1:1 with CAD reserves held at regulated financial institutions. Originally minted in 2020, QCAD achieved full compliance status in late 2025 after years of collaboration with Canadian Securities Administrators.

Canadian individuals and businesses seeking a regulated, compliant Canadian dollar-denominated stablecoin for digital payments and transactions. Backed by Circle and Coinbase Ventures.

website

twitter

Stablecoin issuers

Stablecorp Digital Currencies Inc.

# Active addresses (weekly) Methodology

## Overview

Active addresses (weekly) measures the number of unique addresses that make a transaction with a project, i.e. An application or a blockchain. Weekly active addresses are measured on a 7-day rolling basis.

## Data sources

- On-chain transaction records (sender addresses, receiver addresses, and timestamps)
- Program instructions and transaction metadata
- Asset metadata for chain and project identification

## Common calculation approaches

### Transaction sender identification
Sender addresses are extracted from transaction records across blockchains including Ethereum, BNB Chain, and Polygon. Unique initiators are identified from sender address fields and aggregated over a rolling 7-day period to measure network activity.

### Signer and instruction tracking
On Solana, active accounts are identified by extracting unique signers from program instructions. Data is aggregated from both successful and failed transactions to provide a comprehensive view of account activity and network demand.

### Delegated action handling
For networks with specific account abstraction features, such as NEAR Protocol, transaction initiators are identified by distinguishing between standard actions and delegate actions. For meta transactions on NEAR Protocol, the receiver account is identified as the active user to accurately represent user engagement.

**Note:** The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique active addresses over a rolling 7-day window.

Stablecorp Digital Currencies Inc.

Active addresses (weekly)

Active addresses (weekly)

Competitive landscape