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 planned support for Solana.
Tetra Trust raised $10 million in September 2025 from investors including Shopify, Wealthsimple, and the National Bank of Canada. A test transaction between Wealthsimple and National Bank was successfully conducted in December, marking the first time a Canadian stablecoin was transferred 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, eliminating the delays associated with traditional banking methods.
The stablecoin market has seen exponential growth, with a current market cap of $320 billion. Canada processes approximately $424 billion daily through legacy systems, highlighting the need for a regulated, domestic stablecoin solution. The global stablecoin transaction volume exceeded $27 trillion in 2025, surpassing Visa's annual payment volume. With the launch of CADD, Tetra Trust aims to capture a share of this growing market, providing a regulated and reliable solution for institutional users.