Stablecorp Partners With VirgoX to List QCAD On World Stablecoin Trading Center
June 2, 2020: We are excited to announce that Stablecorp has partnered with VirgoX to list QCAD on their global Stablecoin trading platform. Starting today VirgoX will be offering QCAD as a trading pair to USDT, but we have plans to expand trading pairs to other major Stablecoins including ones denominated in Asian currencies in the second half of 2020.
This will be Stablecorp’s first major international exchange integration and the launch of their first US Dollar Stablecoin trading pair. Stablecorp is currently integrated with over 20 different firms, including the majority of the Canadian digital asset exchange ecosystem. This integration with VirgoX will help to accelerate QCAD adoption internationally, enabling it to be the tool-of-choice to move funds in and out of Canada in a more efficient way.
“Canada Stablecorp is thrilled to bring QCAD onto the Virgo X platform as we truly believe in the promise and potential of establishing a venue to trade Stablecoins against each other. This listing will provide the first major crypto native exchange rail between a Canadian Dollar Stablecoin (QCAD) and a US Dollar Stablecoin (USDT), a use case that we are very excited to be unlocking. The fiat FX market is the largest financial market in the world with over $5 Trillion traded daily. If we can help digitize and execute even a small percentage of that with Stablecoins, we would be helping and adding value to a significant number of companies and individuals. And that is what QCAD is about.” — Jean Desgagne, CEO of Stablecorp
The timing of this announcement couldn’t be any better as Stablecoins have become the largest growing category within the digital asset space. Over the last two years, they have seen a 415% gain in market capitalization, growing from $2.6 Billion in May of 2018 to over $10.8 Billion at present day, according to CoinMetrics. This year the appetite for Stablecoins has resulted in an additional $4 billion added to the total market capitalization between February and May. Stablecorp and VirgoX believe that Stablecoins have a promising outlook, and will help to digitize the global financial market. Additionally, they have the potential to improve global payments and remittances by decreasing costs and increasing processing speed.
“VirgoX has a strong commitment to build the World first Stablecoin Trading Center. It actively looks for Stablecoin projects across different stages that are well-designed and likely to be adopted by global users both within and outside of the digital asset space. QCAD is the most promising Canadian dollar Stablecoin that is backed by a team of experienced capital market professionals in Canada. It is our pleasure to work with the QCAD team and excited to be the first international exchange that lists and promotes QCAD. “ — Adam Cai , CEO of VirgoX.”
VirgoX will accelerate the establishment of a world Stablecoin trading center by launching a series of well-designed Stablecoins and incubate Stablecoin projects from early stages. With its complete ecosystem ranging from spot & contract trading, lending, global payments & remittance, traders can experience a full-functioning Stablecoin trading platform. VirgoX will launch more innovative products, such as Stablecoins empowered FX pairs, meeting the present needs of users and anticipating future demands.
To learn more about Stablecorp and QCAD or to explore partnership opportunities please reach out to info@stablecorp.ca
To learn more about QCAD visit: www.stablecorp.ca
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