BTC$61 393.62


ETH$4 171.66


Binance Coin








Coinsquare launches CAD backed stablecoin

08 Apr 2019

#ABBC Coin

World First: Coinsquare launches CAD backed stablecoin

Coinsquare is one of Canada's leading cryptocurrency exchanges. In an official statement, they officially announced the pre-launch of the eCAD. According to the official statement, the company is "thrilled" to give the wider public access to its plan for stabilizing cryptocurrency in Canada and beyond.

They believe the eCAD is special due to two factors. It is pegged to the Canadian dollar, thus removing the instability of traditional cryptocurrencies. However, due to it being a blockchain based cryptocurrency, it will offer the full benefits of blockchain technology. Most notably, it is a risk-free method of transacting and transferring value. They expect this value to go beyond just Canada, and they plan to target a global audience looking for the stability of the Canadian Dollar and all the myriad benefits given by using a cryptocurrency.

The company went on to elaborate on how the system will work in the real world. When any client of theirs buys an eCAD, one CAD will be held in reserve. This is important to them, as they want there to always be a stable 1 to 1 relationship between the eCAD and the Canadian dollar. This then allows Coinsquare to offer this service as a transparent and reliable asset to global investors. Global investors that increasingly want options to US Dollar backed stable coins.

The company went further to say that the launch of eCAD is the starting point of a massive surge in mainstream acceptance of cryptocurrency. It is also part of the general plan to launch Canada into the future, by being on the forefront of the crypto world with regards to new services. Coinsquare will not rest after releasing this new product.

They plan to use the boost from this new product to increase their market share of peer-to-peer lending, remittance, and cross-border payments. They plan to become a major player in forex exchanges and to offer meaningful merchant solutions. Though how much they will venture into a pure payment processor role is to be determined.

The company wants to remain focused on core values that it thinks will bring in the most users. These are mainly risk mitigation and transparency, but the company wants to push forward a culture of open-mindedness. They are sure that open-mindedness in terms of tech will help proper social change as well as social capital forward well into the next decade and beyond.

Where did this, to many, surprise announcement come from? Many think back to the rumors that Coinsquare had partnered with a major (top 5) Canadian bank back in September of 2018. Coinsquare did not return calls to any enquires and did not mention the name of the alleged partner bank.

Speculation was rife with regards to what the partnership with the bank would look like, and it is only now that we can see what they were planning all along. It is important to note that they are still the only exchange in Canada to have a partnership with a bank in the top 5, which explains how they were able to bring eCAD to market so quickly.

Author: Ali Raza for


PrepayWay: All-In-One Blockchain Solution
PrepayWay: All-In-One Blockchain Solution
WorkLock: an Alternative to ICO/IEO
WorkLock: an Alternative to ICO/IEO
Tokenization of Assets is a MUST
Tokenization of Assets is a MUST

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64.8% 74 $61 393.62 1.16% 0.83% $1 157 410 091 263 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.4% 59 $4 171.66 5.07% 8.92% $492 462 196 227 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 62 $485.63 1.44% 4.21% $81 003 906 943 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.2% 13 $2.17 0.55% -0.57% $71 272 162 809 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000858 0.10% 0.08% $69 633 809 415 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 73.2% 57 $197.70 0.65% 25.50% $59 473 993 983 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 74% 49 $1.094497 0.56% -3.58% $51 382 650 889 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 64.4% 81 $44.05 1.38% 5.54% $43 502 840 639 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 69.2% 56 $0.251733 3.08% 6.09% $33 181 970 119 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.001199 0.09% 0.12% $32 582 792 876 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 68.8% 64 $43.19 -0.98% 18.00% $17 337 793 703 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 80.4% 41 $26.81 4.59% -0.80% $16 400 871 282 UNI 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 74.4% 44 $31.43 9.66% 15.36% $14 490 192 645 LINK 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 68.8% 60 $65.44 -0.09% 13.84% $14 415 133 233 AVAX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 65.6% 75 $61 406.63 1.11% 0.83% $13 619 540 827 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.