QCAD, issued by the QCAD Digital Trust and tokenized by Stablecorp Digital Currencies Inc., is a fiat-backed stablecoin that references one Canadian dollar (CAD) and seeks to maintain a stable value of $1.00 CAD per token [S1][S2].

Each QCAD token references one Canadian dollar (CAD) and is backed 1:1 by Canadian dollars held in reserve for each token issued [S1][S3]. QCAD is a price-tracking stablecoin that seeks to maintain a value of one CAD, and the issuer's consumer materials describe no yield, interest, or rebasing passed to holders [S1][S3]. Monthly third-party attestations report amounts paid to the Servicer and accrued fees owing to the Servicer [S3].

The Issuer is the QCAD Digital Trust, a Canadian trust holding reserve assets on behalf of holders, with Stablecorp Digital Currencies Inc. acting as operating company and Servicer [S1][S2]. QCAD was qualified under the Canadian Securities Administrators (CSA) interim framework for Value Referenced Crypto Assets via a Final Prospectus dated November 20, 2025 [S1]. Holders hold redemption rights for the $1.00 CAD reference value [S1][S2]. Use is restricted to qualified holders with an account at Stablecorp or an authorized partner, subject to identity verification [S1][S4]. Reserves are held by qualified custodians at regulated Canadian financial institutions [S1][S3].

QCAD is active across the Solana, Ethereum, Algorand, and Stellar networks [S1]. Tokens are minted against 1:1 Canadian dollar reserves and redeemed for the $1.00 CAD reference value through the Servicer and authorized-partner framework [S1][S3]. Reserve adequacy is subject to daily verification of reserves and circulating supply, monthly third-party attestations, and annual reporting [S3].

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://stablecorp.ca/" },
    { id: "S2", url: "https://www.stablecorp.ca/qcad-reporting" },
    { id: "S3", url: "https://stablecorp.ca/transparency" },
    { id: "S4", url: "https://stablecorp.ca/legal/privacy-policy" },
  ]}
/>


Stablecoins

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.

Canadian Dollar Digital Money (QCAD) is a Canadian Dollar stablecoin issued by Stablecorp Digital Currencies Inc. through QCAD Digital Trust.

Custody of the reserves rests with VersaBank.

Holders can mint and redeem directly with Stablecorp Digital Currencies Inc.

QCAD Digital Trust is the issuing entity.

QCAD has been issued on public blockchains since January 2020 and is native to Ethereum, Stellar, and Arc.

Canadian Dollar Digital MoneyQCAD

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