Stablecorp Launches QCAD on Arc for Instant Cross-Border Payments

Stablecorp, a leading Canadian digital asset infrastructure company, has announced the integration of QCAD, Canada's first prospectus-filed, regulatory-compliant Canadian dollar stablecoin, onto Arc, an open, EVM-compatible Layer-1 platform. This integration marks a significant step in accelerating cross-border capital flows for Canadian institutions and businesses.

QCAD, issued by Stablecorp under the QCAD Digital Trust, is now live on Arc, providing a new avenue for instant, secure, and cost-effective transactions. The integration of QCAD into StableFX, Circle’s institutional-grade foreign exchange platform, allows Canadian companies to move Canadian dollars around the world at any hour, any day. This development eliminates the traditional banking hours constraints, enabling businesses to settle payments in real-time, reducing the need for pre-funding accounts in multiple currencies.

For Canadian companies engaging in international trade, this integration offers several advantages. Businesses can now make payments and receive funds instantly, without waiting for the next banking day or dealing with the delays associated with overnight wires. This real-time settlement capability ensures that both parties complete their transactions simultaneously, reducing the risk of one party paying without the other delivering.

The QCAD Digital Trust, an Ontario trust that holds the reserve assets on behalf of QCAD holders, operates under a transparent and audited structure. Stablecorp, the company behind QCAD, focuses on building professional-grade blockchain solutions that comply with regulatory standards. The QCAD program is part of Stablecorp’s broader mission to create scalable and compliant products for the next generation of financial services.

Circle’s StableFX platform, built on Arc, is designed for 24/7 on-chain FX execution and settlement. It supports CAD, USD, EUR, and MXN, among other high-quality local stablecoins. By combining off-chain request-for-quote (RFQ) execution with on-chain payment-versus-payment (PvP) settlement, StableFX enables real-time stablecoin foreign exchange for cross-border payments, institutional on/offramps, and treasury flows. This platform provides an alternative to traditional FX infrastructure, offering faster, more accessible, and programmable transactions.

The integration of QCAD onto Arc and its inclusion in StableFX represents a significant advancement in the Canadian financial landscape. It not only enhances the efficiency of cross-border transactions but also aligns with the growing demand for secure, compliant, and fast digital payment solutions. As Canadian institutions and businesses increasingly seek to operate in a globalized market, QCAD’s integration onto Arc positions them to take advantage of these new capabilities.

In summary, the launch of QCAD on Arc and its integration into StableFX represents a pivotal moment in the evolution of cross-border financial services in Canada. It provides a robust and secure platform for real-time, on-chain transactions, thereby enhancing the competitiveness and efficiency of Canadian businesses in the global marketplace.