Tetra Trust Company, a Canadian digital technology and financial services provider, has launched CADD, a Canadian-dollar pegged stablecoin approved by the Alberta Treasury Board and Finance. This pioneering stablecoin is the first CAD-pegged token to be issued by a regulated Canadian financial institution, with reserves held in trust under Canadian law for redemption purposes. The token is currently live on major blockchains such as Base, Ethereum, and Tempo, with plans to expand to 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. The company has positioned CADD for institutional applications, including seamless 24/7 cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech transactions, eliminating the need for traditional correspondent banking. The launch of CADD addresses a significant gap in the Canadian market, where businesses have lacked a regulated, domestic stablecoin option for CAD transactions on blockchains. With the global stablecoin market reaching a transaction volume of $27 trillion in 2025 and a market capitalization of $320 billion, the demand for a reliable and regulated Canadian stablecoin has never been more pressing.
In a market dominated by USD-denominated stablecoins, CADD is poised to revolutionize the way Canadian businesses conduct financial transactions.