Deloitte has partnered with fintech firm Stablecorp to develop stablecoin infrastructure for Canadian financial institutions. The collaboration aims to integrate the Canadian dollar stablecoin, QCAD, into institutional payment and settlement systems. This initiative is designed to prepare banks and other institutions for the application of stablecoin regulatory frameworks, exploring scenarios such as 24-hour payments, enhanced settlement efficiency, and new blockchain-based financial products. The Canadian government is advancing a regulatory framework for fiat-backed stablecoins through Bill C-15.
Deloitte and Stablecorp Collaborate on Canadian Stablecoin Infrastructure
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