• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
CUSD stablecoin launched

Canadian Stablecoin CUSD Officially Launched by BVCI

Christine Vasileva
by Christine Vasileva
5 years ago
·
Posted in Altcoin News, Altcoins, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc.


CUSD Combines US Dollar Backing with Canadian Demand

CUSD is the newest fiat-based stablecoin backed by the greenback, and secured by a US-based banking institution. New coins are only issued corresponding to funds in a dedicated escrow account. At the official launch, 100 million CUSD was issued.

The CUSD stablecoin is different from other fiat-derived crypto coins on the market. For one, it runs on the BVC-chain, a public, decentralized blockchain that combines the features of Ripple and Ethereum networks. The asset will be available through the BVC wallet, and its chief aim is to facilitate cashless transactions, while still retaining transparency and connection to the legacy financial system.

CUSD will fuel the activity of the BVCPay app, which combines a payment hub, wallet, blockchain explorer, and trading platform.

BVCI has covered the requirements for a money management business, with no risk to abandon the project based on a loss of banking services. The CUSD and its predecessor, CADT, have already passed regulations by the local financial authority, FINTRAC.

Stablecoins Take Over in 2019

Stablecoins greatly appreciated in utility and usage in 2019. While regulators scrutinized the idea of “stablecoins” based on Facebook’s Libra proposal, smaller projects have managed to launch without a glitch. The possibility to own crypto assets with a predictable price has appealed to new traders. Stablecoins have been extremely useful in arbitrage and moving funds between exchanges, where the waiting time for moving fiat is a few days.

Stablecoins usually derive their value from the US dollar, but there are also assets pegged to other national currencies. The representation of CAD is relatively low, despite the fact that Canada is one of the most active markets for crypto adoption. The only other CAD-based stablecoin is TrueCAD, built by TrustToken.

There is also additional work required to create a CAD Stablecoin on the XRPL ledger, but so far, the asset has not launched officially.

R3 & Bank of Canada conducted tests for project Jasper (Cad-Coin).

Canada's large value transfer system handles payment values of ~Canada's annual GDP, weekly.

But this new project is BIGGER than a CAD stablecoin on the XRPL. You going to begin moving trillions, @bobrasX ? https://t.co/TxeINKcDMB pic.twitter.com/6rGGo5qqSQ

— Gerry Atrick (@JoeSmo05464358) October 12, 2019

So far, the previous CADT stablecoin by BVCI has not shown significant influence in the crypto trading ecosystem. The coin was launched this July, with similar promises to CUSD.

Stablecoins pegged to the US dollar have a collective supply of nearly 5 billion coins when counting the leading stablecoins. Only a few are globally represented, while some are specific to a handful of crypto exchanges.

What do you think about the new CUSD stablecoin? Share your thoughts in the comments section below!


Images via Bitcoinist Media Library, Twitter: @JoeSmo05464358

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Follow

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Full Profile

Related Posts

Cardano : vers 3 $ malgré la baisse selon l’analyste on-chain ChainCatcher — niveaux clés

Prévision prix Cardano : direction 3 $ malgré la baisse selon l’analyste onchain ChainCatcher

21 minutes ago
Bitcoin : le bottom local serait passé selon plusieurs experts — niveaux et scénarios de reprise

Bitcoin : le bottom local serait passé selon plusieurs experts

37 minutes ago
Трейдинг

Snorter собрал $5,3 млн — до конца предпродажи 5 дней

59 minutes ago
Maxi Doge

Защо Maxi Doge може да се окаже следващият Dogecoin и кои са най-добрите предпродажби в момента?

1 hour ago
비트마인, 시장 하락세 가운데 이더리움 추가 매수… 올해 최고의 프리세일 토큰은?

비트마인, 시장 하락세 가운데 이더리움 추가 매수… 올해 최고의 프리세일 토큰은?

7 hours ago
eth-sol-double-bottom-reversal-new-coins-presale-boom-tw

ETH與SOL現W底反轉身升信號 資金轉向三大新幣掀起預售熱潮

10 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    1 hour ago
  • 挖 1 枚比特幣耗電可供 61...

    3 hours ago
  • KCEX стартира бонус за търговия от...

    22 hours ago
  • โปรโมชั่นโบนัสสำหรับผู้ใช้ใหม่จาก KCEX แจกสูงสุด 21,000 USDT

    KCEX จัดหนัก!...

    2 days ago
  • WEEX стартира кампания с до 50%...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.