Tetra Trust Company has officially launched CADD, a Canadian dollar-backed stablecoin approved by Alberta Treasury Board and Finance, marking the first regulated CAD stablecoin issued by a licensed trust company in Canada. The token, backed 1:1 with Canadian dollars, is now live on the Base, Ethereum, and Tempo networks, with plans to extend to Solana.
The launch follows a December 2025 test phase in which a transaction between National Bank of Canada and Wealthsimple demonstrated the token's ability to settle between regulated financial institutions. All funds used to mint CADD are held in trust and dedicated exclusively to redemption, providing a compliant settlement rail for Canada’s legacy payment systems, which process approximately $424 billion daily via batch-based infrastructure.
CADD targets 24/7 cross-border settlement, real-time treasury operations, and programmable payments without correspondent banking delays. The initiative is backed by a consortium including National Bank of Canada, Shopify, Wealthsimple, ATB Financial, and Purpose Unlimited, signaling early institutional engagement with domestic digital asset infrastructure. With Canada’s limited domestic stablecoin options, CADD fills a gap in a market dominated by U.S. dollar-backed tokens, offering a localized, regulated settlement mechanism under Canadian law.
