By CCN.com: Canadian cryptocurrency exchange Coinsquare has announced plans to launch a CAD-pegged stablecoin. To be known as the eCAD, the stablecoin will be exchanged for the Canadian dollar on a 1:1 basis. The eCAD is expected to breathe life into Canada’s crypto markets and beyond according to Coinsquare’s CEO, Cole Diamond: The launch of eCAD™ will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market. What Reserves? Pitfalls for eCAD to Avoid Coinsquare has claimed that for ‘every one eCAD™ created, one Canadian
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