BVCI Launches Second Stablecoin, This Time USD-Pegged CUSD

Blockchain Venture Capital Inc., a blockchain research firm in Canada, announces new USD-pegged stablecoin CUSD just four months after releasing CADT, which is pegged to Canada's fiat currency.

On Monday, November 11, a Canadian blockchain firm, Blockchain Venture Capital Inc. (BVCI), announced the launch of their second stablecoin. It is called CUSD and it is pegged against the US dollar. As per the press release, the stablecoin is designed with the hope that it will be used globally, more specifically for Canadian and American cross border trades.

BVCI was incorporated based on laws in Ontario and is widely known for its focus on blockchain research and development. It currently has a public decentralized blockchain (BVC-Chain) that supposedly combines both Ripple and Ethereum blockchains. They’ve also established BvcPay, a mobile app that serves as a digital asset wallet.

As for the CUSD, it is pegged with a 1 to 1 ratio, which means that 1 CUSD can be purchased with 1 USD. This can be achieved through the BvcPay app, which is compatible with both iOS and Android devices.


BVCI complies by all federal regulations, notes the press release, adding that the necessary measures are taken to ensure established transactions abide by Canadian law.


“BVCI is regulated in Canada by FINTRAC as a money service business […] BVCI is on track to deliver more fintech products to facilitate and promote individuals and businesses with fast, secure, convenient channels and credit ecology.”

CUSD comes four months after the launch of CADT, another Canadian stablecoin that was launched this year on Canada day. CADT is pegged on a 1 to 1 ratio with the Canadian Dollar and was also created for both businesses and individuals.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Nirmala Velupillai
Nirmala Velupillai
Nirmala is a blogger who has been fascinated by the world of technology and its contributions to societal development. While a novice, her eager to learn about the crypto world has led her to write a number of pieces on its positive and negative aspects. On her spare time, she indulges in understanding and building statistical models and enhancing her painting skills.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Despite Testing $10,000 Multiple Times, Bitcoin Bulls May Not Arrive Yet

Yet another week of bitcoin testing $10,000 and we are back at trading around $9,600. Since the halving on May 11, the digital currency...

#DeleteCoinbase Trending After the Coinbase Exchange's Deal with DEA & IRS Becomes Public

Cryptocurrency exchange Coinbase intends to sell its blockchain analytics software called Coinbase Analytics to two US government agencies. As per the public records, the Internal...

Top UN Blockchain Expert Believes Digital Currencies And CBDC's Pose a Threat To Bank Accounts

Top U.N. official says digital assets, particularly central bank-issued digital payment systems may soon replace bank accounts due to the low-interest rates. Massimo Buonomo,...

EU’s Law Enforcement Agency, Europol, Targets Bitcoin Privacy Tool Wasabi Wallet

Europol, the European Union’s Law Enforcement Agency recently released a two-part report analyzing the impact of privacy tools in crimes related to cryptocurrency. Privacy...

Andrew Yang's Former Aide Seeks Congressional Run in NY-10; Sets Eyes on UBI and Crypto

Jonathan Herzog, a crypto advocate and former aide at Yang's campaign, has launched his congressional run for New York's 10th District. The 26-year-old started...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today