The Canadian dollar for the digital economy.
Canada's
sovereign
infrastructure
digital
value
rail.
Stablecorp builds and operates regulated,
institutional-grade infrastructure
for Canada’s digital economy.
We run the platform that enables asset
tokenization and instant settlement in CAD.
A payment should not wait for business hours.
A bank wire passes through each institution’s queue and cutoff on its way to the recipient. QCAD moves instantaneously as one on-chain transfer, any day, any hour.
Built to the highest
regulatory and compliance standards.
QCAD is issued by QCAD Digital Trust under a prospectus receipted by the Ontario Securities Commission, and serviced by Stablecorp Digital Currencies Inc., a FINTRAC-registered money services business.
Institutional-grade infrastructure for every way Canadian dollars move.
From reserve custody to supplier payments: six ways institutions and businesses put a regulated digital Canadian dollar to work.
Don't see your situation? Tell us what you're building and we'll point you to the right team.
The partner desk
A dedicated team for banks, fintechs, exchanges and payment businesses. Onboarding, liquidity introductions and integration support from first conversation to first mint.
The Canadian dollar, on-chain.
QCAD is Canada’s first compliant CAD stablecoin.
Every token is backed 1:1 by dollars held at Canada’s
Schedule-I banks and settles 24/7 on three networks.
Compliance, utility and liquidity. All in one.
Institutional grade meets crypto native.
The stability of a compliant Canadian dollar with the speed and reach of the blockchain.
Credit and debit cards funded with QCAD held on-chain are planned. The balance would keep earning until the moment it is spent, and card spend would settle on-chain instead of through a T+2 bank batch.
For builders: collateral would replace the underwriting bank, so a card program could launch in weeks, not 12+ months.
A Kelowna coffee roaster gets paid $1,000 USD. Converted at a bank, it lands as $1,318.80. Swapped USDC to QCAD through StableFX, it would land as $1,367.30.
QCAD/USDC is in development and not yet available. Example rates are illustrative.
What has shipped
Common questions.
All questions →Every claim on this page is documented: a final prospectus, monthly independent attestations, and a contract you can read yourself.
How do I get QCAD?+
Anyone in Canada can buy it on Kraken like any listed asset. Institutions mint directly through the Stablecorp desk, funding by wire and receiving QCAD on the network of their choice.
Can I redeem QCAD for Canadian dollars?+
Yes. QCAD redeems at par, one Canadian dollar per token, through authorized partners, at zero cost.
Does QCAD pay yield?+
No. QCAD itself pays nothing; it is a payment instrument.
What happens to the reserves if Stablecorp fails?+
Reserves are held by QCAD Digital Trust, a bankruptcy-remote structure separate from the operating company, 1:1 in Canadian dollars at compliant banks: TD and VersaBank. They exist to redeem QCAD and nothing else.
Who issues QCAD, and under what oversight?+
QCAD is issued by QCAD Digital Trust, qualified by a final prospectus in November 2025, and operated and serviced by Stablecorp, a FINTRAC-registered money services business (M22234558).
Which networks does QCAD run on?+
Ethereum, Arc, and Base today. With more networks underway.
Where can I verify all of this?+
The prospectus and monthly reserve attestations are filed on SEDAR+, and the token contract is public on BlockExplorers. Our Transparency page links to every document.
Held with Canadian custodians.
QCAD reserves are held with federally compliant Canadian custodians and may be invested.
Monthly reports.
Transparency is the foundation of QCAD. Explore our reports to learn how we maintain full reserve accountability. Download our most recent attestation reports, published monthly and annually for full visibility.
QCAD Digital Trust Insider Reporting+
Media
The latest from Stablecorp, including press releases, product updates, and industry insights.
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The team behind QCAD
Institutional experience across blockchain, trading, capital markets,
regulatory and risk.
The ecosystem is growing.
Issuance, custody, liquidity, venues and networks. QCAD is built on partners already compliant and already operating.
Strategic investor via Coinbase Ventures
CircleIssuer of USDC · strategic investor and FX partner
DeFi TechnologiesTSX-listed digital asset investorPrivacy Policy
Protecting the privacy, security and confidentiality of personal information is fundamental to the way Stablecorp does business. This Privacy Policy explains the ways we help protect personal information, and respect and support the trusted relationship between our business clients (Clients) and their customers (Consumers). For Stablecorp, “Information” means any personal, transaction and other details that we require to support Stablecorp Services.
By using the Stablecorp Services, including through a computer or mobile device, each Client and Consumer accepts the terms of this Privacy Policy and consents to our collection, use, disclosure and retention of their information as described in this Privacy Policy (including to contact them), and for all other purposes permitted under applicable personal information privacy statutes, anti-spam legislation, and consumer protection laws. Our website and Services are not targeted or directed at children under the age of 18 and do not knowingly collect or store any personal information from children under the age of 18.
We may amend this Privacy Policy from time to time by posting a revised version and updating the “Last updated” date above. The revised version will be effective at the time we post it. Continued use of our Services constitutes acceptance of any amendment of this Privacy Policy.
1 · Collection and use of your information
Before we ask for any personal information about the Client or the Consumer, we will explain why it is needed and how we intend to use it. We will limit the information we collect to what we need for those purposes, and we will use it only for those purposes. We will obtain consent if we wish to use this information for any other purpose.
2 · Releasing information
We may need to provide personal information to our suppliers who assist us in serving Clients. We may also need to release the information if we are required to do so by law and self-regulatory organizations to prevent, detect or suppress financial abuse, fraud and criminal activity.
3 · Protecting information
We will protect information with appropriate safeguards and security measures. We will retain information only for the time it is required and for the purposes we explained.
4 · Respecting privacy concerns
Personal information is required to support transaction processing and communications, and to satisfy valid information requests from Interac™, banks, regulators, and other organizations who are legally entitled to make such requests.
When completing a Stablecorp transaction through the Internet or through a mobile device, we may collect device level information about that Consumer. This information will help to identify higher risk transactions and monitor potential fraud or suspicious transactions.
When a Consumer is using our website, we may monitor and/or record browsing habits to better understand usage of our on-line assets. If the Client provides us information about a specific Consumer to resolve a complaint, we may learn additional Consumer information. We will only use this information to address comments and/or reply to questions, and we may store the communication and our reply in case we correspond further.
If a Consumer receives an email claiming to be from Stablecorp that he/she believes to be fraudulent, he/she should not open, respond or click any links or open attachments contained within the email. Consumers may be instructed to notify us immediately by forwarding a copy of the email to us at admin@Stablecorp.com and then delete the email.
In order to provide certain services on mobile devices, we may require location information. If the Client or Consumer does not consent to collection of this information, then they cannot use the corresponding Services. Clients and Consumers can stop our collection of location information at any time by changing the preferences on their mobile devices. If the preferences are changed, our Services may no longer function. Clients and Consumers also may stop our collection of location information through the Services by following the standard uninstall process to remove all Stablecorp mobile applications from their devices.
We may send cookies to Client or Consumer computers or mobile devices. Cookies are small data files that are stored on a hard drive or in device memory when a Client or Consumer visits a website or views a message. Cookies support the integrity of our registration process, retain Client and Consumer preferences, and help evaluate and compile aggregated statistics about user activity.
We only release information where it is required to deliver the Stablecorp Services. We will obtain the Client’s consent to release any information to third parties required to deliver Stablecorp Services. To deliver email and text messages, Client and Consumer information may be disclosed in response to valid demands or requests from governments, regulators, courts and law enforcement authorities.
We do not sell or rent customer lists or personal information to others.
We have security standards to protect our systems and Client and Consumer information against unauthorized access and use. Our systems have been designed to ensure that email address, mobile number, first name and Client account number are always private and confidential. Nevertheless, Stablecorp cannot guarantee that unauthorized third parties will never be able to defeat our security measures or use Client or Consumer personal information for improper purposes. If any information in our possession or under our control is compromised as a result of a security breach, we will take reasonable steps to investigate the situation and, where appropriate, notify those individuals whose information may have been compromised and take other steps in accordance with applicable laws or regulations.
All our suppliers and agents, as part of their contracts with Stablecorp, are bound to maintain confidentiality and may not use information for any unauthorized purpose. Protecting the confidentiality of information is also specified in our employment agreements. Our employees are familiar with this Privacy Policy and procedures to safeguard Client and Consumer information.
When we provide information in response to a legal inquiry or order that we believe to be valid, we disclose only the information that is legally required.
Client and Consumer data is stored on Amazon Web Services (AWS), encrypted in accordance with information security standards, and located in Canada.
We retain information only if it is required for the reasons it was collected. We are required to retain transaction data for a period of 7 years following completion of the transaction. We will destroy, delete, erase or convert it to an anonymous form after that point.
5 · Complaints
We take any complaints seriously, and are committed to helping resolve complaints.
Usually, the best way to address the complaint is to raise the issue as soon as it comes up with the person the Client or Consumer is dealing with. Even if the Client or Consumer doesn’t notice the issue right away, the Client or Consumer can always get in touch with us at any time to voice their complaint. Before beginning, be ready to have any supporting documents available and consider what solution may be appropriate.
To tell us about any concerns or complaints or questions regarding this Privacy Policy, please contact us at admin@Stablecorp.com. We may request additional details regarding the concerns and may need to engage or consult with other parties in order to investigate and address the issue. We will keep records of the request and any resolution.
If the resolution provided is unsatisfactory, the complaint can be escalated by asking the individual they are dealing with to escalate on their behalf, or directly with Stablecorp management at info@stablecorp.ca.
If the results of our investigation or any resulting corrective measures remain unsatisfactory, the Client or Consumer may be entitled to make a written submission to the Privacy Commissioner in their jurisdiction or to the Office of the Privacy Commissioner of Canada:
30 Victoria Street, Gatineau, Quebec, K1A 1H3
priv.gc.ca ↗
Talk to the team building Canada’s digital value infrastructure.
Whether you’re integrating QCAD, moving money in Canadian dollars, or exploring tokenized assets, tell us what you’re working on and the desk will route you to the right team.
You can also email the desk directly at info@stablecorp.ca.
For press and media inquiries, email press@stablecorp.ca.
How do I get QCAD?
Anyone in Canada can buy it on Kraken like any listed asset. Institutions mint directly through the Stablecorp desk, funding by wire and receiving QCAD on the network of their choice.
Can I redeem QCAD for Canadian dollars?
Yes. QCAD redeems at par, one Canadian dollar per token, through authorized partners, at zero cost.
Does QCAD pay yield?
No. QCAD itself pays nothing; it is a payment instrument.
What happens to the reserves if Stablecorp fails?
Reserves are held by QCAD Digital Trust, a bankruptcy-remote structure separate from the operating company, 1:1 in Canadian dollars at compliant banks: TD and VersaBank. They exist to redeem QCAD and nothing else.
Who issues QCAD, and under what oversight?
QCAD is issued by QCAD Digital Trust, qualified by a final prospectus in November 2025, and operated and serviced by Stablecorp, a FINTRAC-registered money services business (M22234558).
Which networks does QCAD run on?
Ethereum, Arc, and Base today. With more networks underway.
Where can I verify all of this?
The prospectus and monthly reserve attestations are filed on SEDAR+, and the token contract is public on BlockExplorers. Our Transparency page links to every document.
Sources and qualifications
Every figure on this site is sourced. Where a claim depends on a third party, that party is named.
“Canada’s first compliant CAD stablecoin” refers to QCAD Digital Trust being the first Canadian dollar denominated stablecoin qualified by prospectus in Canada. Final prospectus dated 20 November 2025 in all provinces and territories except Québec, amended and restated 21 December 2025, together with a prospectus dated 21 December 2025 in Québec. No securities regulatory authority has expressed an opinion about the QCAD Tokens. Filed on SEDAR+.
QCAD was first issued in 2020 and re-launched in April 2023 under the reserve structure operated by Stablecorp Digital Currencies Inc., a FINTRAC-registered money services business. QCAD Tokens issued before the date of the prospectus are held against a separate custodial account and are not commingled with current Reserve Assets.
Reserve Assets are held by QCAD Digital Trust, a special purpose trust established under the laws of Ontario with Odyssey Trust Company as trustee. TD Bank Group serves as primary reserves custodian per the company announcement of July 2026. QCAD Tokens are not insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime.
Reserve attestations are prepared monthly by an independent auditor and filed to SEDAR+. Figures reflect reserve balances as at the attestation date, not a live balance.
Market figures: US-dollar-denominated share of stablecoin supply and the $771M total for all non-USD stablecoins are from Artemis data, April 2026, corroborated at 99.5% dollar-denominated by DefiLlama and the BIS in August 2026. Total stablecoin market capitalisation of approximately $308B per DefiLlama, August 2026.
Canada’s projected rank of last among the 38 OECD member countries is for growth in real GDP per capita over 2020 to 2030 and again over 2030 to 2060, per the OECD’s long-term growth scenarios published in 2021. Projections are not forecasts.
Cost, settlement-time and corridor comparisons are illustrative and depend on the corridor, venue, funding method and counterparties involved. Realised outcomes may differ materially. Partner quotations shown on this site are drafts pending approval by the named organisations.