Deloitte and Stablecorp plan to build stablecoin infrastructure for Canadian institutions.

PANews reported on March 24th that, according to Cointelegraph, Deloitte Canada is partnering with Stablecorp to develop stablecoin infrastructure for Canadian financial institutions, planning to integrate Stablecorp's Canadian dollar stablecoin QCAD into the payment and settlement processes of institutional clients. Soumak Chatterjee, a partner at Deloitte Canada's financial services division, stated that this initiative aims to help banks and other institutions prepare for stablecoin adoption once regulatory frameworks are established. Potential applications include 24/7 payments, improved settlement efficiency, and transparent transaction records based on blockchain technology.