Tetra Launches Canada’s First Bank-Issued CAD Stablecoin

• Tetra Digital Group has launched CADD, a 1:1 Canadian dollar-backed stablecoin approved by Alberta Treasury Board and Finance.
• CADD is live on Base, Ethereum and Tempo, with Solana support expected next.

Tetra Digital Group is bringing the Canadian dollar on-chain through CADD, a payment stablecoin issued under a Canadian financial services framework.

A regulated CAD token enters production

CADD is issued by Tetra Trust Company through its agent CAD Digital Inc. and is backed 1:1 by Canadian dollars. The company said the stablecoin has received regulatory approval from Alberta Treasury Board and Finance, making it Canada’s first CAD-backed stablecoin issued by a licensed financial institution.

The token is already live on Base, Ethereum and Tempo, with Solana support planned. Its reserves are held in Canada, and funds used to mint CADD are held in trust and dedicated exclusively to redemption.

Canada gets a domestic settlement rail

Stablecoin adoption has been dominated by U.S. dollar assets, leaving Canadian institutions with fewer local-currency options for blockchain-based payments. CADD is aimed at that gap.

Canada clears about $424 billion per business day, while many retail payment systems still rely on batch-based infrastructure. Tetra says CADD can support near-instant settlement, 24/7 cross-border transfers, corporate treasury movements, marketplace payouts and direct fintech settlement without traditional correspondent banking delays.

The launch is backed by a consortium that includes Tetra Digital Group, Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada and Shopify.

CADD follows a December 2025 testnet phase in which the stablecoin moved between National Bank of Canada and Wealthsimple. That test gave the product an early institutional use case before its wider launch.

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