Tetra Trust Company, via CAD Digital Inc., said that CADD, a payment stablecoin backed 1:1 by Canadian dollars, received regulatory approval from Alberta Treasury Board and Finance. The announcement says the approval brings Canadian-dollar settlement on-chain under a financial services regulatory framework.
The rollout matters for Canadian institutions, payment providers and fintech platforms looking for a domestic alternative to U.S. dollar-denominated stablecoins. CADD is live on Base, Ethereum and Tempo, with Solana support planned, and all funds used to mint CADD are held in trust and dedicated exclusively to redemption.
The next point to watch is institutional adoption beyond launch. Tetra said CADD is backed by a consortium including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada and Shopify, following a December 2025 testnet phase between National Bank of Canada and Wealthsimple.
Source: Tetra Digital Group via Business Wire.
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