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 stablecoin is the first to be issued by a regulated financial institution in Canada, with reserves held in trust under Canadian law for redemption purposes.
CADD is currently live on major blockchains, including Base, Ethereum, and Tempo, with plans to support Solana. Tetra Trust raised $10 million in funding for the project in September 2025, backed by prominent investors such as Shopify, Wealthsimple, and the National Bank of Canada. In December, the company successfully conducted testnet transactions between Wealthsimple and the National Bank, marking the first time a Canadian stablecoin was transferred between two financial institutions.
Tetra Trust positions CADD for institutional applications, including 24/7 cross-border settlements, real-time corporate treasury transfers, and direct fintech-to-fintech settlements, eliminating the delays associated with traditional correspondent banking. The stablecoin market has experienced exponential growth, with a current market capitalization of $320 billion.
Canada processes approximately $424 billion per business day using legacy infrastructure, highlighting the need for a regulated, domestic stablecoin solution. The global stablecoin transaction volume surpassed $27 trillion in 2025, exceeding Visa's annual payment volume. With the launch of CADD, Tetra Trust aims to capitalize on this growing market, providing a regulated and reliable stablecoin solution for Canadian businesses.