- Coinbase plans to add QCAD listing, a stablecoin pegged to the Canadian dollar.
- Also, Coinbase has announced the inclusion of the NEON token, operating on the Solana network.
Coinbase, a leading cryptocurrency exchange based in the US, has unveiled plans to include QCAD on its platform. This move aligns with Coinbase’s strategy to diversify its asset offerings, presenting users with a broader range of trading choices.
Notably, QCAD stands out from previously listed altcoins as it is a stablecoin pegged to the Canadian dollar. The token’s issuing company aims to generate revenue through interest accrued in Canadian dollars when users acquire QCAD tokens. While Coinbase’s official statement confirms QCAD’s support on the Ethereum network, transactions can also occur on the Stellar and Algorand networks under normal circumstances.
Further, QCAD adopts an authorized dealer model, wherein wholesale corporate entities engage directly with the issuing entity for purchasing and selling each QCAD token at a fixed rate of one Canadian dollar.
In addition to QCAD, Coinbase announced the inclusion of the Neon EVM (NEON) token on its list of tradable cryptocurrencies. Operating on the Solana network, NEON is expected to be available for trading under specific liquidity conditions starting on April 30th. Following the announcement, NEON’s price surged by over 9% in the last 24 hours, reaching a current trading price of $1.13.
