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VersaBank begins receiving QCAD deposits under agreement with Stablecorp

VersaBank (VBNK) announced it has begun receiving QCAD deposits under its previously announced custody services agreement with Stablecorp, a Canadian digital asset infrastructure company and servicer of the QCAD Digital Trust and whose investors include Coinbase, Circle, DeFi Technologies and FTP Ventures. QCAD is Canada’s first regulatory compliant Canadian-dollar stablecoin.

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