DeFi Technologies Supports Stablecorp’s QCAD Trading on Kraken

DeFi Technologies Inc., a financial technology company, has announced that QCAD, a Canadian dollar stablecoin by its venture portfolio company Stablecorp, is now available for trading on Kraken, a major global digital asset exchange. This marks a significant step in broadening access to regulated Canadian digital assets.

The milestone is important for Canada's digital asset infrastructure, as QCAD is the country's first compliant CAD stablecoin. DeFi Technologies, as an investor and strategic facilitator, plays a key role in supporting QCAD’s product development, liquidity, and market expansion.

The company believes in the growing importance of compliant stablecoins for digital financial infrastructure, facilitating trading, payments, and treasury management. QCAD’s progress underscores the necessity of regulated, locally denominated stablecoin solutions for enhanced digital market access.