Gate News reports that on March 24, Deloitte and Stablecorp announced a partnership to integrate the stablecoin QCAD, pegged to the Canadian dollar, into the payment and settlement processes for institutional clients, providing stablecoin infrastructure for financial institutions such as the Bank of Canada. Stablecorp is a Toronto-based fintech company, and QCAD maintains a 1:1 peg with the Canadian dollar. Soumak Chatterjee, partner at Deloitte Canada’s Financial Services division, stated that the collaboration aims to help institutions complete technical preparations before the regulatory framework is in place. Potential use cases include 24/7 payments, improved settlement efficiency, and transaction transparency through blockchain records. The specific list of partner banks and launch timeline have not been disclosed yet.
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