Stablecorp QCAD (QCAD) is a fiat-backed Canadian dollar stablecoin. It has about $1.2M in circulation, ranking #209 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
What is QCAD?
Stablecorp QCAD (QCAD) is a fiat-backed Canadian dollar stablecoin. It has about $1.2M in circulation, ranking #209 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: QCAD is Canada's first compliant CAD stablecoin, issued by Stablecorp and fully 1:1 fiat-backed by Canadian dollar reserves held with regulated Canadian financial institutions under a dedicated, third-party-audited trust.
QCAD supply history
QCAD supply grew 49.6% over the past 30 days, to $1.2M. Its peak was $1.7M in October 2026, and supply is 30% below that high.
Is QCAD holding its peg?
QCAD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where QCAD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all QCAD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How QCAD is backed
Each QCAD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: QCAD is minted 1:1 when users deposit Canadian dollars with the issuer and is redeemable 1:1 for CAD, with reserves held in a regulated Canadian trust and monthly attestation reports published.
QCAD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $1.2M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
QCAD vs USDT and USDC
Similar fiat-backed stablecoins
See all →- CADC $1.2M
QCAD FAQ
What is QCAD?
Stablecorp QCAD (QCAD) is a fiat-backed Canadian dollar stablecoin. It has about $1.2M in circulation, ranking #209 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is QCAD pegged 1:1 to the canadian dollar?
QCAD targets 1 CAD. At the last update it traded at C$1.0000, a deviation of 0.00%, which we classify as "on peg".
What backs QCAD?
QCAD is a fiat-backed stablecoin. Each QCAD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is QCAD on?
QCAD is live on 2 blockchains. The largest by supply are Ethereum ($1.7M), Solana ($1K).
How much QCAD is in circulation?
About $1.2M of QCAD was in circulation at the last update, +49.6% over 30 days. That makes it the #209 stablecoin by supply among those we track.
Is QCAD safe?
No stablecoin is risk-free. As a fiat-backed design, QCAD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.