Stablecorp was founded by 3iQ, Canada's largest cryptoasset manager and Mavennet, a leader in blockchain development. Stablecorp is a leading Canadian fintech firm building bank-grade blockchain technology. In February 2021, Stablecorp entered into a strategic partnership with VersaBank, an A rated Canadian Schedule 1 bank, to develop VCAD. VCAD is a Digital Deposit Receipt issued using VersaBank's VersaVault® technology. This bank-backed issuance model makes VCAD unique in terms of auditability, transparency, and reliability in the global DDR space.

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