Coinbase recently invested in Canadian stablecorp issuer Stablecorp, with the aim of expanding access to Canadian dollar tokenization. Lucas Matheson, CEO of Coinbase Canada, said in an exclusive interview with Cointelegraph that the amount of the investment was not disclosed, but the company will help promote Stablecorp's fiat-backed stablecoin, QCAD. He stressed that stablecoins are particularly important for Canada, which lacks a peer-to-peer payment network, and telegraphic transfers can cost up to $45 and require 45 minutes of paperwork. He also said that using stablecoins allows for 24/7, instant, borderless payments. Although the current stablecoin market is mainly dominated by US dollar-backed stablecoins, Canada still faces the problem of the government not removing the obstacles of securities regulation of stablecoins. Coinbase called on the government to develop a national strategy for digital assets.