10 Small Caps With Big Double-Digit Gains

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1. DeFi Technologies Inc. (NASDAQ:DEFT)

DeFi Technologies jumped by 59.16 percent week-on-week, as investors cheered the approval of its own stablecoin.

In a statement last week, DeFi Technologies Inc. (NASDAQ:DEFT) said that its venture portfolio company, Canada Stablecorp Inc., and the QCAD Digital Trust have secured regulatory approvals for its QCAD stablecoin, making it Canada’s first compliant CAD stablecoin.

Following the approval, DeFi Technologies Inc. (NASDAQ:DEFT) said that it intends to focus on scaling QCAD across three core areas: product development, liquidity and market access, as well as security and future-proofing.

Through Valour Inc., DeFi Technologies Inc. (NASDAQ:DEFT) said that it would develop QCAD-integrated products, including CAD-linked ETPs, yield products, and structured solutions that provide regulated access to the digital asset economy for retail and institutional investors.

It would also partner with BTQ Technologies Corp. to ensure a post-quantum security roadmap for QCAD.

“QCAD’s approval as Canada’s first compliant CAD stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market,” said DeFi Technologies Inc. (NASDAQ:DEFT) Chairman and CEO Johan Wattenstrom.

“Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure and allows us to support QCAD’s growth across our platform and our broader institutional network.”

While we acknowledge the potential of DEFT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DEFT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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