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. The token is currently available on major blockchains, including Base, Ethereum, and Tempo, with planned support for Solana.
Tetra Trust raised $10 million in September 2025, backed by prominent investors such as Shopify, Wealthsimple, and the National Bank of Canada. The company has positioned CADD for institutional applications, including 24/7 cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech transactions, eliminating the need for traditional correspondent banking. The stablecoin market has experienced exponential growth, with a current market capitalization of $320 billion. Canada processes approximately $424 billion daily through legacy systems, highlighting the need for a domestic, regulated stablecoin.
Tetra Trust's launch addresses this gap, providing a Canadian-dollar stablecoin for institutional use, and enabling efficient, real-time transactions.