Tetra Launches CADD as Canada’s First Bank-Issued CAD-Backed Stablecoin

CryptoProwl

Mon, May 4, 2026 astatine 11:33 AM CDT 2 min read

Tetra Digital Group has launched CADD (CRYPTO: $CADD), a Canadian-dollar stablecoin backed 1:1 by CAD and issued done Tetra Trust Company via its cause CAD Digital Inc. The institution said the token has received regulatory support from Alberta Treasury Board and Finance, making it Canada’s archetypal CAD-backed stablecoin issued by a regulated fiscal institution. CADD is present unrecorded connected Base, Ethereum (CRYPTO: $ETH) and Tempo, with Solana (CRYPTO: $ETH) enactment expected to follow. 

The motorboat brings a home stablecoin enactment to a marketplace wherever digital-dollar infrastructure has mostly been dominated by U.S. dollar assets. Canada clears astir $424 cardinal per concern day, but retail payments inactive trust heavy connected batch-based systems, leaving a spread betwixt the country’s accepted outgo enactment and the benignant of continuous colony stablecoins tin support. CADD is designed to bring Canadian dollars onto programmable blockchain networks with near-instant colony finality. 
 
Tetra said each funds utilized to mint CADD are held successful spot and dedicated exclusively to redemption, a operation aimed astatine banks, outgo companies and fintech platforms that request regulatory clarity from the start. The token is backed by a consortium that includes Tetra Digital Group, Urbana Corporation (TSX: $URB), Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada (TSX: $NA) and Shopify (NASDAQ: $SHOP).  

Founder and CEO Didier Lavallée said CADD was built with reserves held successful Canada and compliance included from time one, adding that the token lets Canadian dollars determination onchain “within a operation institutions recognize.” The merchandise follows a December testnet signifier successful which CADD moved betwixt National Bank of Canada and Wealthsimple, giving the task an aboriginal organization impervious constituent earlier launch.  

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The applicable work is that Canada’s stablecoin marketplace is starting to determination from treatment into unrecorded infrastructure, with regulated custody, home reserves and organization organisation present tied to a CAD-denominated token built for settlement, treasury transfers and fintech payments.