%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / 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 beyond a routine exchange addition. Under the setup, QCAD can now be used to help settle digital-asset transactions in a Canadian-dollar-denominated instrument, giving traders and institutions a local currency rail that moves on-chain rather than through more traditional banking or foreign-exchange channels. VersaBank said the structure could support tighter spreads, stronger price discovery, easier global participation for Canadian users and round-the-clock market access. VersaBank founder and president David Taylor called the start of QCAD deposit flow “a significant milestone” for the bank’s digital-asset strategy, tying it both to VersaVault’s market readiness and to a new income stream now beginning to show up in live activity. He also pointed to forecasts that stablecoins in circulation could expand from roughly $250 billion today to $4 trillion over the next four years. That longer-term projection is still forward-looking, but the immediate signal is simpler: a Canadian bank, a local-currency stablecoin issuer and a major trading venue are starting to connect regulated custody, exchange access and on-chain settlement in a more usable way. VersaBank (NASDAQ: VBNK) stock is currently trading at $17.66 U.S. per share.