Stablecorp brings QCAD to Arc, expanding StableFX into Canadian dollars
# Community Spotlights
# Partner Spotlights
# StableFx
# Partner Stablecoins
# QCAD
# CAD
Stablecorp natively issues QCAD on Arc via StableFX, opening the first onchain CAD/USD foreign exchange settlement corridor.
Tim Baker
QCAD, Canada's first regulated Canadian dollar–backed stablecoin, is live on Arc testnet today. Issued natively by Stablecorp and supported on StableFX, it will soon power the CAD/USD foreign exchange settlement corridor on Arc.
This is a concrete step toward institutional-grade FX onchain.
Why CAD belongs onchain
The Canadian dollar is one of the most actively traded currencies in the world, and the USD–CAD corridor is among the largest trade flows globally. Until recently, builders working with CAD had no regulated CAD-denominated digital asset to integrate against — which meant most CAD activity still ran on legacy infrastructure: multi-day settlement, offchain conversion, and capital sitting idle in pre-funded accounts at partner banks.
QCAD changes that. Issued under the QCAD Digital Trust pursuant to a prospectus qualified under the Canadian Securities Administrators' interim regulatory framework for stablecoins, and custodied by VersaBank, a federally regulated Schedule I bank, QCAD is purpose-built for institutional and developer integration. Stablecorp has positioned QCAD from day one as a platform for builders — already supporting an ecosystem of exchanges, custodians, payment providers, and DEXs across the world.
Bringing QCAD to Arc and supporting them on StableFX connects that real-world adoption to programmable, 24/7 settlement infrastructure.
What this unlocks for Arc builders
QCAD on Arc gives developers and institutions a new primitive for multi-currency applications:
Native CAD-denominated rails. Hold, transfer, and settle in CAD onchain alongside USDC — without bridging, wrapping, or leaving Arc.
Onchain FX between CAD and USD. Build foreign exchange flows directly into your product. No offchain conversion, no batched settlement windows, no external FX providers in the critical path.
Real-world payment and settlement workflows. Power cross-border payments, treasury operations, payroll, B2B settlement, and remittance flows with a regulated CAD stablecoin as the on- and off-ramp.
Capital-efficient multi-currency operations. Move between currencies on demand, reducing reliance on standing FX positions and pre-funded balances. Capital that previously sat idle as float can be redeployed.
For any application that touches the Canadian dollar — fintech platforms, payment processors, treasury tools, exchanges, or institutional trading systems — QCAD on Arc collapses a layer of legacy FX infrastructure into onchain rails that settle in seconds.
StableFX, expanded
StableFX is Arc's native FX layer, designed for compliant, real-time settlement between regulated stablecoins. QCAD extends that layer beyond USD and EUR to include the most heavily traded non-USD corridor in North America.
This matters for three reasons. It shows StableFX scaling to additional partner stables. It brings a new currency online inside a single, programmable settlement layer. And it gives institutions a credible path to running FX flows fully onchain — with regulated issuance, transparent reserves, and instant settlement built in.
Build with QCAD today
QCAD is live on Arc testnet now. Builders can start integrating ahead of mainnet across payments, FX, treasury, and settlement use cases.
If you're building Canadian dollar workflows, cross-border payment products, or multi-currency applications on Arc, get in touch — we want to work with you ahead of mainnet launch.
