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CEX invests in Canadian stablecoin issuer Stablecorp
【CEX Invests in Canadian Stablecoin Issuer Stablecorp】CEX has recently invested in Canadian stablecoin issuer Stablecorp, aiming to expand access to Canadian dollar tokenization. Lucas Matheson, CEO of CEX Canada, stated in an exclusive interview with Cointelegraph that the investment amount has not been disclosed, but the company will help promote Stablecorp's fiat-backed stablecoin QCAD. He emphasized that stablecoins are particularly important for Canada, as there is a lack of peer-to-peer payment networks, and wire transfer fees can reach up to $45 with 45 minutes of paperwork. He also mentioned that using stablecoins can enable 24/7, instant, borderless payments. Although the stablecoin market is currently dominated by USD-backed stablecoins, Canada still faces the issue of government-imposed securities regulations on stablecoins. CEX calls for the government to develop a national strategy for digital assets.