QCAD, recognized as the first stablecoin backed by the Canadian dollar to be granted regulatory approval under Canada’s framework, has been
authorized for public release
after undergoing an extensive multi-year evaluation. The QCAD Digital Trust, managed by Stablecorp Digital Currencies Inc.,
obtained its final regulatory sign-off
on November 26, 2025, signifying a major advancement for Canada’s digital asset industry. Each QCAD token is fully supported by Canadian dollar reserves held at regulated banks, with
ongoing audits and transparent attestations
to uphold openness. This approval reflects Canada’s broader initiative to merge blockchain technology with established financial systems while upholding consumer safeguards and regulatory standards.
DeFi Technologies Inc. (Nasdaq: DEFT), a significant investor through its portfolio company Stablecorp,
revealed intentions to accelerate QCAD’s uptake
through product innovation, liquidity solutions, and enhanced security. The firm plans to
introduce exchange-traded products pegged to the Canadian dollar
, yield-generating offerings, and structured financial products via its Valour Inc. platform, and will serve as a primary liquidity provider for international transactions.
DeFi Technologies
further
highlighted a partnership
with BTQ Technologies Corp. to develop a post-quantum security strategy, aiming to protect QCAD from emerging cybersecurity threats as transaction volumes increase.
This regulatory achievement has
sparked notable market response
, with DeFi Technologies’ shares jumping 16% after the news, indicating strong investor faith in the company’s digital asset strategy.
Johan Wattenström, CEO of DeFi Technologies
, called QCAD a “game-changing infrastructure” that fits Canada’s shifting regulatory landscape and creates new revenue opportunities through service fees.
Stablecorp’s CEO, Kesem Frank
, emphasized QCAD’s ability to deliver “quicker, more affordable digital transactions” and connect traditional finance with blockchain-powered solutions.
The approval journey,
involving years of cooperation
with the Canadian Securities Administrators, highlights the complexities of launching compliant stablecoins in a fast-changing environment.
Jean Desgagne, chair of Stablecorp
stressed that the team chose “the proper route, not the simplest,” ensuring QCAD adheres to rigorous transparency and consumer protection criteria. The stablecoin’s design
reflects international standards
, such as those used by Circle’s
USDC
, but is specifically adapted for Canadian regulations.
Backed by leading digital asset firms
, QCAD is set to become a cornerstone of Canada’s digital finance infrastructure.
QCAD’s public rollout will broaden through exchanges and partner networks, with
initial applications focused on
online commerce, payroll, remittance, and Web3 integration. The launch of the token
establishes Canada as a frontrunner
in regulated stablecoin development, potentially paving the way for further digital asset innovation in the country. As DeFi Technologies and Stablecorp move forward with their plans,
important indicators to watch
will be new product releases, liquidity channels, and technical achievements, all of which will shape the commercial impact of this regulatory milestone.