Deloitte Canada is partnering with Stablecorp to develop stablecoin infrastructure for financial institutions, aiming to integrate digital assets into payment and settlement systems.
The initiative will incorporate Stablecorp’s Canadian dollar-pegged stablecoin QCAD into institutional workflows, as regulators move closer to establishing a national framework.
The project is designed to help banks prepare for stablecoin adoption, according to Deloitte Canada financial services partner Soumak Chatterjee.
Potential use cases include enabling 24/7 payments, improving settlement efficiency and leveraging blockchain-based transparency for financial transactions.
The collaboration comes as Canada advances stablecoin regulation under Bill C-15, which proposes rules for fiat-backed digital assets.
Authorities including the Bank of Canada have called for clear regulatory standards, emphasising the need for full backing by liquid assets and reliable redemption mechanisms.
The move reflects growing global momentum in stablecoin regulation, although Canada’s domestic market remains small compared to dominant US dollar stablecoins such as USDT and USDC.