Deloitte Canada developing stablecoin infrastructure for financial institutions

Deloitte Canada is partnering with Stablecorp to develop stablecoin infrastructure for Canadian financial institutions, Cointelegraph reported. The initiative plans to integrate QCAD, a stablecoin backed by the Canadian dollar (CAD) and issued by Stablecorp, into payment and settlement "Workflows" for institutional clients. Details regarding partner banks and a launch timeline have not yet been disclosed.