Tetra Trust launches CAD stablecoin CADD for 24/7 cross-border settlement

Tetra Trust, a Canadian digital-asset firm, launched CADD, a CAD stablecoin approved by Alberta Treasury Board and Finance. Tetra says it is the first CAD-pegged stablecoin issued by a regulated Canadian financial institution, with reserves held in trust in Canada for redemption. CADD is positioned for institutional finance, targeting 24/7 cross-border settlement, real-time corporate treasury transfers, programmable marketplace payouts, and direct fintech-to-fintech transfers—aiming to replace legacy batch settlement systems. The token is live on Base and Ethereum, with Tempo support now and Solana support planned. The project raised $10 million in September 2025. Backers include Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, the National Bank of Canada, and Urbana Corporation (majority stake). Tetra previously ran testnet transactions between Wealthsimple and the National Bank; it said the transfer was the first time a Canadian stablecoin moved between two financial institutions. Tetra frames the launch against Canada’s $320B stablecoin market environment and the dominance of USD stablecoins, arguing Canada lacks a regulated domestic option for moving CAD on-chain. It also notes other local efforts: Stablecorp’s QCAD (approved but not broadly available) and Loon’s acquisition takeover of CADC, which has processed over $200M in volume. For traders, the key takeaway is a regulated CAD stablecoin (CAD stablecoin) that could improve on-chain liquidity rails for Canadian institutions. While it may not directly change BTC/ETH spot demand, it can shift stablecoin flows and CAD settlement efficiency over time.