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 designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.
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