- The token will be used in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, trade settlements, and forex conversions.
- CEO Cole Diamond believes that eCAD will “create the first transparent, affordable, and secure way of transferring value in Canada and beyond.”
Cryptocurrency exchange Coinsquare is launching a stablecoin pegged 1:1 to the Canadian dollar (CAD). The eCAD token will be used in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, trade settlements, and forex conversions.