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Coinsquare Announces CAD-Backed Stablecoin

Published 04/05/2019, 07:03 AM
Updated 04/05/2019, 08:21 AM
© Reuters.   Coinsquare Announces CAD-Backed Stablecoin

Coinsquare will add to the ecosystem of stablecoins, by issuing its own stablecoin backed by Canadian dollars (CAD). The asset is meant to improve the adoption of digital assets. The new coin will be known as eCad.

“We are thrilled to announce the first step of our plan to bring stability and opportunity to the Canadian cryptocurrency market,” said Cole Diamond, CEO of Coinsquare. “The launch of eCAD™ will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the...

This article appeared first on Cryptovest

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