The stablecoin operates on Base, Ethereum and will expand to Solana soon.
It is focused on institutional use: treasury, cross-border payments and transfers.
Tetra Digital Group launched CADD, the first Canadian stablecoin backed 1:1 by Canadian dollars (CAD) and issued under financial regulation. After starting tests in December 2025, the project was announced on May 4, 2026 and represents Canada’s entry into the institutional issuance of digital money over the network.
The asset is issued through Tetra Trust Company, a regulated trust company in Alberta specialized in the custody of digital assetstogether with its agent CAD Digital Inc. And is supported by a group of companies and institutions that include Shopify, National Bank of Canada, Wealthsimple, ATB Financial, Shakepay and Purpose Unlimited, among others. This gives it a clearly institutional focus from its launch.
The stablecoin is now available on Base, Coinbase’s layer 2 network, as well as Ethereum. Its integration into Solana is also expected. The first launch was carried out at Basewhich functioned as the initial network of the project. In its first part,
He CADD target is modernize the way dollars move in Canada. Today, much of the country’s payments still rely on traditional systems that work in batches rather than real time. CADD seeks to change this by allowing transfers to be instantaneous and available at any time of the day.
However, the initial design of the system It is intended mainly for companies and financial institutions. Use cases include international payments, real-time treasury management, automatic payments on digital platforms, and business-to-business transfers without traditional banking intermediaries.
Canada processes around 424 billion Canadian dollars in payments every day, which makes the efficiency of the system a relevant problem for banks and companies. The idea of CADD is reduce waiting times, operating costs and dependence on intermediaries.
Let us remember that, at a global level, stablecoins move more than 27 trillion dollars a year in transactionswith strong dominance of assets linked to the US dollar such as USDT and USDC, as reported by CriptoNoticias. In this context, CADD seeks to offer an alternative in Canadian dollars within the cryptocurrency network infrastructure.
Although the launch represents an important step forward for the Canadian financial system, its success will depend on how quickly banks, fintechs and companies adopt it in real operations. For now, CADD is positioned as a new infrastructure, still in the early stage, but with significant regulatory and institutional support.