TORONTO (PRWEB) August 12, 2019
Canada Stablecorp Inc today announced the appointment of Jean Desgagne to the position of Chief Executive Officer. He will lead the launch of QCAD, the first Canadian dollar stablecoin, by managing day-to-day operations and leveraging his deep network and expertise gained from three decades in Canada’s financial services industry.
Desgagne has been involved with Stablecorp since its inception and incorporation earlier this year. Prior to Stablecorp, he was President and CEO of TMX Group’s Global Solutions, Insights & Analytics Strategies and its Global Enterprise Services. He also served as President and CEO of the Canadian Depository for Securities Limited, where he led the Depository to be the one of the most cost-efficient in the world. Prior to TMX, he held executive roles at TD Bank, Bank of Montreal, and UBS.
“I am excited to be working on the creation of a stablecoin that is backed by real dollars and is transparent and auditable” said Desgagne. “This can be a game-changing tool that can power many types of transactions involving tokenized assets and other digital currencies.”
Throughout the past year, stable coins, the majority of which are pegged to the US dollar, have grown to a total market capitalization of almost $4.5 billion USD and have become a key part of the digital currency ecosystem. Stablecorp’s QCAD coin aims to extend the security, mobility, speed, and low cost of blockchain-based transactions to users while maintaining the stability and usability of the underlying Canadian dollar. This represents a new standard of transparency and auditability in the stablecoin world that will help drive trust and mass adoption of digital currencies.
“Jean’s unique skillset along with his impressive background and deep understanding of the Canadian financial landscape, make him the ideal person to bring this innovative product to market” Said Kesem Frank, a Stablecorp Director. “Stablecorp’s board is grateful to have Jean leading the efforts to create a product with the potential of a great positive impact on the entire market”.
Stablecorp’s QCAD digital currency is scheduled to launch later in 2019, enabling users to enjoy fast, secure and low-cost transactions. For more information please visit http://www.Stablecorp.ca
Canada Stablecorp Inc.