Coinbase invested in a Canadian stablecoin issuer
In an exclusive interview with Cointelegraph at the Futurist Conference, the CEO of Coinbase Canada revealed a recent investment in Stablecorp and outlined plans for the local stablecoin market. Coinbase has formed a partnership with Stablecorp, a Canadian stablecoin issuer, to promote access to tokenized Canadian dollars, according to a company executive who spoke to Cointelegraph during the Blockchain Futurist Conference in Toronto.
Lucas Matheson, CEO of Coinbase Canada, revealed that the exchange is investing an undisclosed amount in Stablecorp and will help market its fiat-backed stablecoin, QCAD.
