Coinbase

Toronto-based Stablecorp has raised $2.5 million in strategic capital to upgrade QCAD, its Canadian dollar-denominated stablecoin. The round was led by Coinbase Ventures and Side Door Ventures. Funds will support QCAD’s infrastructure overhaul, including independent reserves, transparent reporting, and new payment and FX integrations.

QCAD will be backed by a dedicated trust and offer direct redemption to Qualified Holders. With stablecoins processing $30 trillion globally last year, Stablecorp aims to digitize Canadian commerce. President Alex McDougall called stablecoins “financial superconductor[s],” while Coinbase Canada CEO Lucas Matheson said Canada must modernize its digital currency infrastructure.

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Canada ranks among the most crypto-aware nations, as Coinbase expands its “Stand with Crypto” campaign northward. The initiative supports regulatory clarity and promotes the legitimacy of cryptocurrency assets. On March 27, Coinbase Canada CEO Lucas Matheson will help launch the campaign’s Vancouver event at Dapper Labs, joined by Dapper CEO Roham Gharegozlou and Vancouver Mayor Ken Sim.

The free event aims to unite Web3 developers, advocates, and businesses to foster blockchain innovation and economic growth. Canada is now Coinbase’s largest market outside the U.S., with over 200 employees and key startup investments like Dapper Labs.

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Coinbase has been named the Official Crypto Partner of the Canadian Football League (CFL) and the 111th Grey Cup, marking the first crypto partnership in the league’s history. As part of the agreement, Coinbase will sponsor the opening coin toss at the Grey Cup championship in Vancouver on November 17th.

Coinbase’s Canadian CEO, Lucas Matheson, highlighted Canada’s importance, with 13% of the population holding cryptocurrency. Fans can receive $25 in bitcoin and participate in giveaways, including a grand prize of $50,000 in bitcoin. Coinbase aims to enhance Canadians’ engagement with cryptocurrency.

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Coinbase has expanded its “Stand with Crypto” campaign into Canada, aiming to support the country’s five million coin holders and push for regulatory clarity. According to Coinbase Canada CEO Lucas Matheson, the company is well-positioned to help Canada lead the global crypto economy.

The move follows Coinbase’s growing investment in Canadian startups like MinervaAI and Dapper Labs. Canada is Coinbase’s largest talent hub outside the U.S., and the company is currently hiring over 40 roles in engineering, marketing, and security.

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Coinbase, a leading U.S. crypto exchange, has achieved a regulatory milestone in Canada, becoming the first international cryptocurrency exchange registered as a Restricted Dealer. This registration, a collaborative effort with Canadian regulators, marks significant progress in Coinbase’s Canadian expansion since establishing a local office in 2021.

With a robust presence in Canada, including nearly 200 employees and investments in Canadian crypto startups, Coinbase is poised to drive digital asset adoption and economic empowerment. This development reflects the firm’s commitment to regulation and trust-building in the crypto industry, resonating with the Canadian market’s growing interest in cryptocurrency.

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Coinbase, a prominent cryptocurrency exchange, has unveiled a range of offerings as part of its strategic expansion in Canada.

In collaboration with Peoples Trust Company, Coinbase now facilitates Interac e-Transfers, addressing the most sought-after feature by Canadian users. This move aims to foster increased accessibility to cryptocurrencies for millions of Canadians.

Deposits through Interac are both free and prompt, with over 50% of recent deposits using this method. Additionally, Canadian users can access the benefits of Coinbase One membership, providing fee waivers, enhanced staking rewards, and 24/7 priority support.

Coinbase’s commitment reflects Canada’s growing influence in the cryptoeconomy.

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