the clear The stablecoin is now available on Base, Ethereum, and Tempo, and will soon be available on Solana, the company said on Monday (May 4). press release.
The launch was announced by Tetra Trust Company Via its agent CAD Digital. Tetra Digital Group is the parent company of both entities, according to the statement.
Founder and CEO of Tetra Digital Group Didier Lavallee He said in the statement that the emergence of this Canadian dollar stablecoin resulted from the company’s collaboration with the Alberta government, industry partners and regulators.
“CADD is issued by a regulated financial institution, with reserves held in Canada and compliance built in from day one by a company with Canada’s longest track record of operating regulated digital asset infrastructure,” Lavallee said. “It enables faster and more efficient movement of the Canadian dollar across the chain within a structure recognized by institutions.”
Because it is denominated in the Canadian dollar and subject to Canadian law, CADD enables institutional use cases such as 24/7 cross-border settlement, real-time corporate treasury transfers, programmable payments for market payments and direct settlement between fintech partners without correspondent banking delays, according to the release.
Advertisement: Scroll to continue
Tetra Digital Group announced in September press release It aims to launch a Canadian fiat-backed stablecoin and has raised $10 million in investments from Canadian fintech companies and financial services providers.
Among these investors Urbana Company, Simple wealth, The purpose is unlimited, com. shakepay, ATB Financial, National Bank and Shopify.
Wealthsimple Chief Legal Officer Blair Wiley “This partnership represents a defining moment for Canada’s digital economy. Tetra has generated nationwide enthusiasm across legacy institutions, technology leaders, traditional financial services and those at the forefront of financial innovation,” he said in the September press release.
In December, Tetra Digital Group announced in a press release CAD Digital has successfully conducted a series of test transactions within its CADD testnet environment and plans to launch the stablecoin in the first quarter of 2026.
During the tests, Wealthsimple and National Bank transferred CADD to each other to demonstrate the capabilities of the digital Canadian dollar, the company said.
