Deloitte and Stablecorp plan to build stablecoin infrastructure for Canadian institutions
PANews March 24—According to Cointelegraph, Deloitte Canada has partnered with Stablecorp to develop stablecoin infrastructure for Canadian financial institutions, with plans to integrate Stablecorp's Canadian dollar stablecoin QCAD into institutional clients' payment and settlement processes. Soumak Chatterjee, Partner in Deloitte Canada's Financial Services division, stated that this initiative aims to help institutions such as banks prepare for stablecoin adoption once regulatory frameworks are established. Potential use cases include 24/7 payments, improved settlement efficiency, and transparent transaction records based on blockchain technology.
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