Canada Launches CADD Stablecoin for 24/7 Institutional Payments and Settlement

Regulated Canadian Dollar Stablecoin Targets Modern Financial Infrastructure

Tetra Trust Company has introduced CADD, a Canadian dollar–pegged stablecoin designed for institutional use, marking a significant step in modernizing payment infrastructure. Approved by the Alberta Treasury Board and Finance, the token is positioned as the first CAD-backed stablecoin issued by a regulated financial institution in the country.

CADD operates across multiple blockchains, including Ethereum and Base, with support for Solana planned. Reserves are held in trust under Canadian law to ensure redemption integrity.

Backed by Major Institutions and Built for Real-Time Finance

The project is supported by a consortium that includes Shopify and National Bank of Canada, alongside other financial and fintech players. CADD is designed to enable 24/7 cross-border settlement, real-time treasury management, and direct fintech transfers, offering an alternative to legacy systems reliant on batch processing.

Canada’s financial system still processes roughly $424 billion daily through older infrastructure, highlighting the need for faster, always-on solutions.

Growing Stablecoin Market Creates Opportunity

With global stablecoin transaction volume exceeding $27 trillion in 2025 and total market capitalization reaching $320 billion, demand for regulated, local-currency digital assets is rising. CADD aims to fill a domestic gap, where USD-backed stablecoins have historically dominated digital transactions.