Tetra Trust Company, a Canadian financial services and digital technology provider, has launched CADD, a stablecoin pegged to the Canadian dollar, approved by the Alberta Treasury Board and Finance. As the first CAD-pegged stablecoin issued by a regulated Canadian financial institution, CADD holds reserves in trust under Canadian law for redemption purposes. The token is currently available on major blockchains such as Base, Ethereum, and Tempo, with plans to support Solana.
Tetra Trust secured $10 million in funding for the project in September 2025, backed by prominent investors including Shopify, Wealthsimple, and the National Bank of Canada. In December, the company conducted testnet transactions between Wealthsimple and National Bank, marking the first instance of a Canadian stablecoin being transferred between two financial institutions.
CADD is positioned to cater to institutional use cases, including 24/7 cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech settlements, thereby eliminating the delays associated with traditional correspondent banking. The stablecoin market has experienced exponential growth, with a current market capitalization of $320 billion and a transaction volume exceeding $27 trillion in 2025. Canada processes approximately $424 billion daily through legacy infrastructure, highlighting the need for a regulated, domestic stablecoin solution.
With the launch of CADD, Tetra Trust aims to address this gap and provide a seamless, 24/7 settlement solution for institutional users.