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, including Base, Ethereum, and Tempo, with plans to support Solana.
Tetra raised $10 million in September 2025 from a consortium including Shopify, Wealthsimple, and the National Bank of Canada, which also supports the launch. The company successfully tested transactions between Wealthsimple and National Bank in December. CADD is positioned for institutional use, including 24/7 cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech settlements, eliminating the delays associated with traditional banking.
The stablecoin sector has experienced exponential growth, but Canada lacked a regulated, meaningful counterpart until now. With Canada processing approximately $424 billion daily on outdated batch infrastructure, the need for a domestic stablecoin solution has become increasingly evident.
The global stablecoin transaction volume exceeded $27 trillion in 2025, with a market capitalization of $320 billion, primarily dominated by USD-denominated stablecoins. In the Canadian market, competition is relatively limited, with Stablecorp and Loon being notable examples. Tetra Trust, as Canada's first regulated digital asset custodian, provides custody services for the country's first staking-enabled ether and solana ETFs, further solidifying its position in the market.