Stablecorp closes $1.5 million Pre-Series A financing

Stablecorp, a Canadian fintech service provider, will launch VCAD to combine traditional finance and on-chain finance frameworks. Among them, VCAD is a digital deposit note issued using Versa Bank’s Versa Vault technology, backed 1:1 by Canadian dollar deposits, and is a Canadian dollar stablecoin in the digital world. Recently, it completed a Pre-A round of financing of US$1.5 million. The investors include Circle Ventures, Genesis, Stellar Development Foundation, SideDoor Ventures, 3iQ, and Borderless. This round of financing will be used to launch VCAD to combine traditional financial and on-chain financial frameworks.

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