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VERSABANK ANNOUNCES STABLECORP'S QCAD AS FIRST STABLECOIN CUSTOMER
VERSABANK ANNOUNCES STABLECORP'S QCAD AS FIRST STABLECOIN CUSTOMER PR Newswire ...
About this update from Versabank
[{"type":"text","content":"VERSABANK ANNOUNCES STABLECORP'S QCAD AS FIRST STABLECOIN CUSTOMER\n\n\nVERSABANK ANNOUNCES STABLECORP'S QCAD AS FIRST STABLECOIN CUSTOMER\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nPR Newswire\n\n\n– Digital Asset Custody Services Represent New, Highly Efficient Revenue Stream with Significant Long-Term Growth Potential –\nLONDON, ON, Feb. 3, 2026 /PRNewswire/ - VersaBank (or the \"Bank\") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced it has signed a definitive agreement with Stablecorp Digital Currencies Inc. (\"Stablecorp\"), a pioneering Canadian digital asset infrastructure company and servicer of the QCAD Digital Trust and whose investors include Coinbase, Circle, DeFi Technologies and FTP Ventures, under which the Bank will serve as the custodian for Stablecorp's QCAD stablecoin. QCAD recently became Canada's first regulatory compliant Canadian-dollar stablecoin.\n\n\n\n\n\n\n\n\"Stablecorp is on the leading edge of the mainstream adoption of digital currency in Canada and we are proud they have chosen VersaBank and our proprietary VersaVault® technology for their QCAD stablecoin custody requirements,\" said David Taylor, Founder and President, VersaBank. \"VersaVault® is entirely unique in its technological approach to the security of digital assets with proven performance and validated by SOC 2 (Type I) certification, considered to be the gold standard in data security.  As a federally regulated, national bank in both Canada and the United States, we believe we offer the ultimate value proposition for the custody of digital assets on both sides of the border.\"\nMr. Taylor added, \"Like our bank-issued Real Bank Deposit Tokens™ (RBDTs™), we believe non-bank-issued stablecoins will play a meaningful role in the coming revolution of the payments economy alongside bank-issued tokenized deposits. We look forward to capitalizing on these separ...