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Press release content from PR Newswire. The AP news staff was not involved in its creation. Stablecorp Announces Closing of C$2mm Strategic Consortium Financing Round to Launch World’s First Bank-Issued Deposit-Based Digital Currency February 25, 2021 GMT Canada Stablecorp Inc. (CNW Group/Canada Stablecorp Inc.) Toronto-based Stablecorp is partnering with a consortium of highly strategic investors led by Canadian Schedule 1 Bank VersaBank, DV Private Investments, Borderless Capital and a major U.S. Bitcoin financial services firm. These new consortium members will join existing strategic investors 3iQ and Mavennet to launch VCAD and catalyze growth of next generation financial infrastructure globally.

United statesVersabank versavaultJean desgagneDavid garciaFred pyeDino verbruggeDavid taylorAlgorand blockchainBank versabankCanada stablecorp incToronto based stablecorpCanadian scheduleBorderless capitalNorth americanManaging partnerCanadian dollars