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2d ago

Tetra Debuts CADD, Canada’s First Regulated CAD Stablecoin From a Financial Institution

The regulated CAD token gives businesses a domestic, always-on payment rail outside securities rules.

Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration
Shopify and national bank of canada are among backers of a new digital currency built to settle trades 24/7

Overview

  • CADD, which launched Monday with approval from Alberta Treasury Board and Finance, brings a Canadian-dollar stablecoin to market from Calgary-based Tetra Trust.
  • Reserves sit in trust in Canada and each token is redeemable 1:1 for a Canadian dollar as a direct liability of the trust company, according to the firm and its legal counsel.
  • Tetra is targeting business uses such as 24/7 cross-border settlement, real-time corporate treasury moves, and direct fintech-to-fintech transfers to bypass slow batch banking.
  • The token is live on Base, Ethereum and Tempo, with support for Solana planned next.
  • A consortium of backers including Shopify, National Bank of Canada, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial and Urbana Corporation is promoting a CAD option where U.S. dollar stablecoins have dominated on-chain payments.