Want to be a major leader in Crypto - This Bank of Canada will issue its own Crypto! - Kakiforex.com - Financial Market Media No. 1 in the World Want to be a major leader in Crypto - This Bank of Canada will issue its own Crypto! Want to be a major leader in Crypto - This Bank of Canada will issue its own Crypto!

February 26, 2021

Want to be a major leader in Crypto - This Bank of Canada will issue its own Crypto!

 In the phase of the crypto bull run, many parties try to take the opportunity presented including financial institutions. According to the latest report, a Canadian bank, VersaBank is reported to be launching a kritpo / digital currency representing the Canadian dollar in the coming months.


Cryptocurrency, VCAD will be the first cryptocurrency issued by a bank in North America. VCAD will be launched by Canadian banks in a few months based on the statement made. VersaBank issued VCAD will complement the Canadian fiat currency used in the transaction.



The presence of VCAD will add to the more variety of stablecoin available in the market. Like USDT, VCAD is a stablecoin that will be launched in collaboration with Stablecorp in Canada.

It is understood that the public can exchange VCAD for Canadian dollars or vice versa.


The publication of VCAD is to overcome the shortcomings that exist in the crypto market. That is the issue of security and volatility. According to Stablecorp CEO, VCAD is able to effectively address this shortfall.


Following the launch of VCAD, VersaBank plans to continue its other plans to issue cryptocurrencies representing US dollars and Euros.