The idea behind stablecoins is to build a crypto value-stable asset that leverages from the benefits of the blockchain while ensuring an equivalent value of a national currency. Right now, the global market has around USD$6 billion of stablecoins in circulation, most of it denominated in USDs. The Canadian market is still in the early stages compared to more mature markets for stablecoins like the United States and requires some groundwork to be done. We are initially focused on promoting awareness and increasing the circulation of QCAD in Canada, as this is fundamental to enable more advanced and value-adding use cases for our clients. ERC- 20 for those not familiar, is a type of token standard on the Ethereum blockchain and is widely accepted across the blockchain ecosystem, facilitating integrations and go-to-market. We started it using the Ethereum network, as an ERC-20 token, but we are evaluating expanding to other networks according to client needs. Rob: Our first product, QCAD, is a stablecoin, which means it’s a digital representation of a Canadian dollar on top of a blockchain. Can you give us some insight into the QCAD stablecoin? What does QCAD do and how does it work? It began as a white paper in early 2019 and launched in January 2020. And that’s how QCAD, our first product, came to be. We realized that a stablecoin would be an essential component for corporate growth in crypto. It is the by-product of a shared vision from our founders that Canada needed and deserved a better payment and settlement solution, its own stablecoin. We’ve been operating a little less than a year. Stablecorp is a recently incorporated company. Can you tell us a bit about what Stablecorp is and what it does? That triggered my interest and ultimately drove my move to join Stablecorp, where we are developing what we believe is the most important crypto-financial tool in Canada, to date. During my time at Deloitte, (until 2017), I was able to develop an in-depth understanding of the importance and capabilities of digital banking and blockchain. I joined Deloitte when I moved to Canada in 2015 to do my MBA.

I then spent the balance of my career in product management for retail and commercial banking focused on credit and debit cards, cash management, as well as checking and savings accounts. I moved on to back-office and branch management. I started in technology, focused on CRM and sales platforms. I started at Citibank in 2004 and had the privilege to work at other benchmark institutions like HSBC, Rabobank and with two of the big five Canadian banks through Deloitte Canada. Rob: Sure, I’m a banker by training and spent a long time in the industry in both retail and commercial banking. Can you tell us a bit about your background? Rob: My pleasure, Tris, thank you for having me here. Tristram: Roberto Durscki, COO of Stablecorp, is with us today. It explores the relationship between stablecoins and central bank digital currencies and what Stablecorp’s vision of the future is.īitvo is an authorized partner for QCAD with Stablecorp. This discussion touches on the background of Stablecorp and the ideas behind QCAD. These include payment rail solutions for business, access and speed advantages for crypto traders and other crypto participants. Stablecorp recently released their much anticipated QCAD stablecoin that opens up Canadian crypto markets to new opportunities. Stablecorp is a partnership between 3iQ, a leading crypto asset manager and Mavennet, a leading enterprise blockchain solution developer. I’m here today with Roberto Durscki, COO of Stablecorp.

Qcad stablecoin