“It’s not unexpected” for Cumberland to announce support for crypto transactions denominated in Canadian dollars, said Alex McDougall, president and CEO of Stablecorp, a fintech firm that created QCAD, a stablecoin pegged to the Canadian dollar. “It will be interesting to see if the entry of a major global player like this impacts Canadian dollar pricing out to end retail customers as we still pay a significant spread in Canada,” he added.
Source: https://www.coindesk.com/business/2023/01/30/crypto-trading-firm-cumberland-can-trade-crypto-with-canadian-dollars/?utm_medium=referral&utm_source=rss&utm_campaign=headlines