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Loon wins OSC approval to issue Canadian dollar-backed CADC stablecoin

1 reports1 report sources2 hours agoUpdate

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Calgary fintech Loon has received a final prospectus receipt from the Ontario Securities Commission for its CADC Reserve Trust, clearing the way for it to issue the Canadian dollar-backed CADC stablecoin. The approval makes Loon the issuer of a token designed to be backed by Canadian-dollar reserves held in that trust.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 28 05:02
Loon wins OSC approval to issue Canadian dollar-backed CADC stablecoin

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Oct 28
  1. BetaKit
    Loon wins OSC approval to issue Canadian dollar-backed CADC stablecoin

    Calgary fintech Loon received final prospectus receipt from the Ontario Securities Commission for its CADC Reserve Trust.

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