Coinsquare, one of Canada’s top cryptocurrency exchanges, go soon launch stablecoin backed by the Canadian dollar wet him name go be «eCAD», according to Wetin press published yesterday. The new coin go dey backed at a 1:1 ratio with Canadian Dollars. Coinsquare talk say the new coin go be a reliable and stable store of value wry go provides investors with alternative to similar coins backed by them United States dollar. The announcement, however, no provide timeline for when the coin go dey officially released. Cole Diamond, CEO of Coinsquare talk am.