Coinbase announced an investment in Canadian stablecoin issuer Stablecorp to promote its fiat-backed stablecoin QCAD. Coinbase Canada CEO Lucas Matheson stated at the Blockchain Futurist Conference on May 13 that Canada lacks a peer-to-peer payment network, with high and cumbersome bank transfer fees. Matheson called for the introduction of stablecoins suitable for the Canadian market to address the current shortcomings in payment infrastructure. (Cointelegraph)