Shopify and National Bank of Canada back CADD stablecoin by Tetra Trust, targeting 24/7 trade settlement, real-time treasury flows, and cross-border fintech transfers

Tetra Trust Company, through its affiliate CAD Digital Inc. under the Tetra Digital Group umbrella, has launched CADD, a Canadian dollar-backed payment stablecoin designed for institutional use in capital markets and fintech applications. CADD is backed 1:1 by Canadian dollars held in cash and cash-equivalent reserves and has received regulatory approval from Alberta Treasury Board and Finance, making it Canada’s first CAD-backed stablecoin issued by a regulated financial institution. Shopify and National Bank of Canada are part of a broader consortium of financial and technology backers that also includes ATB Financial, Wealthsimple, Purpose Unlimited, Shakepay, Urbana Corporation and others, positioning CADD with significant domestic institutional support from launch. The product is explicitly aimed at 24/7 trade settlement, real-time corporate treasury flows, and cross-border and fintech payments, bringing Canadian-dollar settlement onto public blockchain rails under a financial-services regulatory framework. Tetra positions CADD as infrastructure for use cases such as instant securities and derivatives settlement, on-chain cash management for corporates, and programmable payment flows, in line with a broader move by regulated institutions to issue fiat-backed stablecoins for wholesale and enterprise users. CADD is initially live on Ethereum, Base and Tempo, with plans to expand to Solana, giving it multi-chain reach for both DeFi and institutional integrations. The initiative reflects growing competition among regulated fiat-backed stablecoins and marks a significant step in Canada’s attempt to keep domestic payment and settlement innovation onshore rather than relying solely on U.S. dollar stablecoins. "entities":["Tetra Trust Company","Tetra Digital Group","CAD Digital Inc.","CADD","Shopify","National Bank of Canada","ATB Financial","Wealthsimple","Purpose Unlimited","Shakepay","Urbana Corporation","Alberta Treasury Board and Finance","Capco","Base","Ethereum","Tempo","Solana"]}`

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Tetra Digital Group Launches CADD, Canada's First CAD-Backed ... (businesswire.com)
• LATEST: Tetra Trust has launched CADD, Canada's first CAD ... (x.com)
• Stablecoins, Custody, and Crypto Rails with Didier Lavallée of Tetra ... (tanktalks.substack.com)
• Capco joins Tetra Digital Group's CADD stablecoin initiative (capco.com)

Explore the topic

• Canada
• Treasury
• Stablecoins