Regulation· ★★★· neutral·

Canadian dollar stablecoin CADC clears final prospectus in Ontario

  • —The prospectus qualifies CADC distribution across all Canadian provinces and territories
  • —Each CADC is backed by C$1.00 held in a segregated reserve account at ATB Financial
  • —Eligible users can buy and sell CADC via Paytrie using Interac e-Transfer
  • —CADC can be self-custodied and used to send and receive payments
Why it matters: CADC becomes a regulated Canadian dollar stablecoin with a public prospectus, setting a template as Canada consults on stablecoin rules.
Source: PR Newswire Blockchain