DeFi Technologies Inc. Stock Surges 16% as QCAD Gains Regulatory Approval
DeFi Technologies Inc. (DEFT) shares jumped 16.01% to $1.3345 following the regulatory approval of QCAD, Canada's first compliant CAD stablecoin. This milestone marks a significant advancement in the country's digital asset landscape, providing a benchmark for CAD-backed cryptocurrencies.
The approval under Canada's stablecoin framework enables broader adoption of tokenized Canadian dollars across payment systems and capital markets. DeFi Technologies, through its partnership with Canada Stablecorp Inc., is poised to expand QCAD's reach with new products, enhanced liquidity, and quantum-grade security.
Regulatory clarity has bolstered market confidence, signaling growing momentum for blockchain compliance. This development positions DeFi Technologies for long-term growth as stablecoins gain traction in mainstream finance.