QCAD (QCAD) is a Canadian Dollar stablecoin developed by Canada Stablecorp Inc. built using the ERC-20 standard on top of the Ethereum blockchain. QCAD is the first Canadian dollar stablecoin that was designed for mass market.The coin is a digital asset that is pegged to the Canadian Dollar, meaning that 1 QCAD is worth $1 Canadian Dollar.
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Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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