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Stock impact report

VersaBank Starts Receiving QCAD Deposits as Stablecorp's CAD Stablecoin Lands on Kraken [Yahoo! Finance]

VersaBank - Common Shares (VBNK) 
Company Research Source: Yahoo! Finance
Canada based VersaBank (NASDAQ: $VBNK) said Monday it has begun receiving QCAD (CRYPTO: $QCAD) deposits under its custody services agreement with Stablecorp, marking the bank's first live deposit flow tied to the digital-asset custody business it has been building around VersaVault. The update arrived alongside QCAD's listing on Kraken, where the Canadian-dollar stablecoin is now available for trading on the exchange's platform. The development gives VersaBank a more practical foothold in a part of the market that has so far been framed largely around future potential. In Monday's release, the bank described QCAD as Canada's first regulatory-compliant Canadian-dollar stablecoin and said the start of deposit flows represents its first incremental income from the broader digital-asset strategy. VersaBank had previously said the arrangement would generate revenue through custody fees and spread income tied to QCAD deposits. That also helps explain why the Kraken listing matters beyo Show less Read more
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