Tetra Belief Firm, a Canadian digital expertise and monetary providers supplier, launched CADD, a Canadian-dollar stablecoin accepted by Alberta Treasury Board and Finance.
The corporate stated it’s the primary CAD-pegged stablecoin issued by a regulated monetary establishment in Canada. Reserves are held in belief beneath Canadian regulation and devoted to redemption, based on the agency. The token is dwell on main blockchains, together with Base, Ethereum and Tempo, with Solana help deliberate.
The Calgary, Alberta-based Tetra raised $10 million for the mission in September 2025, with backing from Shopify, Wealthsimple, Goal Limitless, Shakepay, ATB Monetary, Nationwide Financial institution of Canada and Urbana Company, which holds a majority stake. The identical consortium can also be supporting the launch.
In December, Tetra ran testnet transactions between Wealthsimple and Nationwide Financial institution. The switch was the primary time a Canadian stablecoin moved between two monetary establishments, the agency stated.
Tetra positioned CADD for institutional use circumstances, together with 24/7 cross-border settlement, real-time company treasury transfers, programmable market payouts, and direct fintech-to-fintech settlement with out the delays of correspondent banking.
A $320 billion market
The launch is no surprise, because the stablecoin sector has grown exponentially in recent times however lacked a significant, regulated Canadian counterpart.
Canada clears roughly $424 billion per enterprise day on legacy rails which are nonetheless depending on batch infrastructure first deployed within the Eighties, the agency stated. Whereas the U.S. is pushing to develop the stablecoin sector by means of regulation, Canadian companies have lacked a home choice for transferring CAD on blockchains, leaving USD-denominated stablecoins to dominate.
World stablecoin transaction quantity handed $27 trillion in 2025, exceeding Visa’s annual cost quantity. The present stablecoin market cap is $320 billion, with the lion’s share accounted for by USD stablecoins, based on DeFiLlama.
In the meantime, the aggressive set within the nation is small.
Stablecorp, backed by Coinbase Ventures, filed a preliminary prospectus for QCAD with the Ontario Securities Fee in June final 12 months and acquired closing approval in December. The token just isn’t but broadly out there.
There may be additionally Loon, a Calgary agency spun out of Paytrie in October, that’s taking up CADC, a stablecoin launched in 2021 that has processed greater than $200 million in quantity. Loon raised $3 million pre-seed and pre-filed a prospectus with the Alberta Securities Fee.
Tetra Belief was Canada’s first regulated digital asset custodian and supplies custody for the nation’s first staking-enabled ether and solana ETFs.