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.

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Stablecoin issuers

Stablecorp Digital Currencies Inc.

# Gas used Methodology

## Overview

Gas used measures the total gas consumed by an application. It reflects how much users are willing to incur transaction costs when using the application.

Stablecorp Digital Currencies Inc.

Gas used

Gas used

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