Summary
- Deloitte Canada reported that it has begun building stablecoin infrastructure for financial institutions.
- Deloitte Canada reported that, in collaboration with Stablecorp, it is developing a payment and settlement system using the Canadian dollar (CAD)-backed stablecoin “QCAD.”
- It stated that the collaboration is seen as an example of expanding stablecoin use centered on financial institutions.
Forecast Trend Report by Period
Deloitte Canada has begun building stablecoin infrastructure for financial institutions.
According to Cointelegraph, a crypto-focused media outlet, on the 23rd (local time), Deloitte Canada is working with Stablecorp to develop a payment and settlement system using the Canadian dollar (CAD)-backed stablecoin “QCAD.”
The infrastructure is set to be applied to payment and settlement workflows for institutional clients, with the aim of strengthening links between the traditional financial system and digital assets.
However, details such as partner banks and a specific launch schedule have not yet been disclosed.
The collaboration is seen as an example of the expanding use of stablecoins centered on financial institutions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
