Deloitte Canada and Stablecorp, the first compliant Canadian dollar stablecoin provider, announced a new alliance to deliver QCAD-based stablecoin infrastructure for financial institutions in Canada. The collaboration comes ahead of the anticipated progress to the federal government’s Stablecoin framework and legislation (Bill C-15), positioning both Deloitte Canada and Stablecorp at the forefront of digital asset innovation in the country.
By combining Deloitte’s extensive experience in payments and financial services transformation with Stablecorp’s regulated digital asset infrastructure, this alliance will modernize Canada’s financial landscape and meet the demands of a 24/7 economy. Leveraging the inherent advantages of blockchain technology – speed, immutability, traceability, and efficiency – will enable solutions that are robust, compliant, and scalable. As a result, banks along with other financial institutions will be able to harness the benefits of digital assets to make new, innovative products and services and/or make existing ones faster, further cost-effective, and more efficient.
„Stablecoins present a significant opportunity for Canada’s payments landscape” says, Soumak Chatterjee, Partner, Financial Services and Payments Leader at Deloitte Canada. „This collaboration helps us enable capabilities that are critical for our banking sector to lead this change, unlock greater innovation in Canadian payments, and ensure global competitiveness. We’re excited to work with Stablecorp to drive impact for our clients and the broader Canadian financial services industry.”
Weaving Stablecoin Innovation Within Legacy Rails
While consumer adoption of digital assets has grown significantly, the true transformative potential lies in established financial infrastructure modernization. Through this alliance, Deloitte and Stablecorp will work with financial institutions to integrate QCAD into existing platforms and operations environment in a secure, compliant manner. The collaboration focuses on delivering innovation by identifying high-friction points in current banking use cases and flows, where QCAD can offer immediate quantifiable efficiencies. Key areas of focus include:
. Liquidity & Capital Efficiency: Enabling 24/7 instantaneous movement of collateral, globally;
. Inter-Bank Clearing: Reducing the cost and time of settlement between financial institutions;
. Cross-Border Payments: Utilizing QCAD to streamline international transfers;
. Next Generation Treasury solutions: On-chain B2B payments, trade finance flows, working capital solutions for global operations.
„We believe the benefits of the Canadian digital dollar should be accessible to everyone. Unlocking the benefits of blockchain, such as instant settlement and low-cost transactions, for everyday Canadians requires more than just technology – it requires trust” says, Kesem Frank, CEO of Stablecorp. „Working with Deloitte Canada is a major opportunity to unlock QCAD’s benefits for all. Leveraging Deloitte’s proven payments knowledge and experience alongside our technology allows us to introduce innovation through the systems Canadians already use and trust, in a way that is safe, measured, and secure.”
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
