Canadian bank plans to launch dollar-backed digital currency 'in the coming months'

by Aurelia Butler 24 February 2021, 17:20 139 Views

The Canadian bank claimed that VCAD would effectively be “the first digital currency to represent a fiat currency” issued and backed by a North American bank. VersaBank said it had partnered with Canada Stablecorp, a joint venture between investment fund manager 3iQ and blockchain firm Mavennet, to launch the “stablecoin.”

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Source: Cryptocurrency - investing.com

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Canadian bank plans to launch dollar-backed digital currency 'in the coming months'

Drugmakers are ramping up Covid vaccine production after fixing initial manufacturing delays

U.S. is ready to roll out J&J vaccine 'without delay,' pending FDA clearance, Biden health officials say

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