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QCAD Canadian dollar stablecoinNew

QCAD is a Canadian dollar stablecoin issued by the QCAD Digital Trust, an Ontario trust, and serviced by Stablecorp. Its prospectus was receipted by Canadian securities regulators in November 2025 under an interim framework for stablecoins, making it the only CAD stablecoin qualified for distribution that way. Reserves are Canadian dollars at regulated Canadian institutions. The current tokens were first minted in April 2026 on Ethereum and Base, listed on Kraken, with VersaBank taking QCAD deposits under a custody agreement; Deloitte Canada is integrating it for financial institutions. About C$2.5 million was outstanding in October 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since Apr 2026[1] — Live and listed, but supply is a few million Canadian dollars. · Reviewed 24d ago

Assets
Stablecoin[1]
Canadian dollar stablecoin issued by an Ontario trust under a receipted prospectus, backed one for one by CAD reserves
Networks
Ethereum Public, permissionless[1][4]
Base Public, permissionless[1]
Use cases
Primary issuance[4][1]Cross-border payments[2]
Jurisdictions
Canada

Participants

Operates under

Likely relevant regulation

Assets

Metrics

  • ~2,474,162 CADTokens outstanding · as of 15 Oct 2026 · on Ethereum[4]
    DefiLlama shows nothing on Base and about C$2,000 on Solana, which is not on the issuer's contract list.
  • ~2,477,179 CADSupply on chain (daily) · as of 7 Nov 2026[6]
    Automated daily reading of on-chain supply across all chains.
  • ~2,475,153 CADSupply on chain (daily) · as of 7 Nov 2026 · on Ethereum[6]
    Automated daily reading.

Timeline

  1. Happened 20 Apr 2026 · Participant joined · recorded 15 Oct 2026
    VersaBank starts receiving QCAD deposits and QCAD is listed on Kraken.[3]
  2. Happened Apr 2026 (month only) · Launch · recorded 15 Oct 2026
    The current QCAD tokens are first minted.[1]
  3. Happened 23 Mar 2026 · Participant joined · recorded 15 Oct 2026
    Deloitte Canada and Stablecorp form an alliance to bring QCAD into Canadian financial institutions.[2]
  4. Happened 20 Nov 2025 · Regulatory approval · recorded 15 Oct 2026
    The QCAD Digital Trust's final prospectus is receipted by Canadian securities regulators.[1]

Sources

  1. [1]Stablecorp (llms.txt key facts) — Stablecorp, 8 Jul 2026. Accessed 15 Oct 2026.B
  2. [2]Deloitte Canada and Stablecorp Announce Strategic Collaboration on Industry-First Stablecoin Infrastructure for Canadian Financial Institutions — Deloitte Canada, 23 Mar 2026. Accessed 15 Oct 2026.B
  3. [3]VersaBank Starts Receiving QCAD Deposits as Stablecorp's CAD Stablecoin Lands on Kraken — CryptoProwl (via Yahoo Finance), 20 Apr 2026. Accessed 15 Oct 2026.C
  4. [4]Stablecorp QCAD stablecoin data (API) — DefiLlama, 15 Oct 2026. Accessed 15 Oct 2026.A
  5. [5]Undertaking from VRCA Issuer: QCAD Digital Trust — Canadian Securities Administrators, 20 Nov 2025. Accessed 18 Oct 2026.A
  6. [6]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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