Cryptocurrency exchange Coinbase added the QCAD (QCAD) altcoin to its roadmap to list it, according to its official statement.
Although when Coinbase adds an altcoin to its roadmap, it does not necessarily mean that the altcoin in question will be listed, so far we can say that these tokens are eventually listed.
However, QCAD has a significant difference from the previously listed altcoins. The token in question is a stablecoin indexed to the Canadian Dollar. The company behind the altcoin in question stated that it will generate income through interest in Canadian Dollars when users purchase the tokens.
According to Coinbase's official statement, QCAD will be supported on the Ethereum network. However, under normal conditions, QCAD transactions can also be carried out on Stellar and Algorand networks other than Ethereum.
QCAD is distributed through an Authorized Dealer model where wholesale corporate entities will contract directly with SDC for the right to purchase and sell each QCAD at a fixed price of one Canadian Dollar.
*This is not investment advice.
