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. This marks the first CAD-pegged stablecoin issued by a regulated Canadian financial institution. The reserves are held in trust under Canadian law, dedicated to redemption.
CADD is currently live on major blockchains such as Base, Ethereum, and Tempo, with plans to support Solana. Tetra raised $10 million in September 2025 from investors including Shopify, Wealthsimple, and the National Bank of Canada.
The company conducted testnet transactions between Wealthsimple and National Bank in December, marking the first transfer of a Canadian stablecoin between two financial institutions. CADD is positioned for institutional use, including cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech transactions without the delays associated with traditional banking. The stablecoin sector has experienced exponential growth, but Canada lacked a regulated, domestic counterpart until now.
With Canada processing approximately $424 billion daily on legacy infrastructure, the need for a modern, blockchain-based solution is evident. The global stablecoin transaction volume surpassed $27 trillion in 2025, with a current market cap of $320 billion. Tetra Trust, Canada's first regulated digital asset custodian, provides custody for the country's first staking-enabled ether and solana ETFs, further solidifying its position in the digital asset space.