The influx of stablecoins in the cryptocurrency space cannot be ignored. Although numerous projects compete with one another, Tether’s USDT remains the dominant market. Foreign stablecoins, such as the one backed by the Euro, are also successful, albeit with less volume. It now appears a Canadian stablecoin will be issued, although there are some concerns regarding the project itself.  The QCAD Concept One has to commend every single project which aims to digitize fiat currencies and create a more useful variant of said currency. In Canada, it would be logical to see a stablecoin backed by the Canadian Dollar at The post Why the QCAD Stablecoin Might be a Scam appeared first on The Merkle Hash.