Calgary-based Tetra Digital Group has launched CADD, a Canadian-dollar stablecoin backed 1:1 by CAD, through its subsidiary CAD Digital Inc. The stablecoin has received regulatory approval from Alberta Treasury Board and Finance, and the company is framing it as Canada’s first stablecoin issued by a regulated financial institution.
CADD is now live on Base, Ethereum and Tempo, with Solana listed as coming soon. Tetra Digital’s regulatory credibility runs through Tetra Trust, a licensed provincial trust company in Alberta that became Canada’s first regulated crypto custodian in 2021.
The stablecoin is structured as a regulated payment instrument rather than a security. Funds used to mint CADD are held in trust and dedicated to redemption, with reserves held in Canada.
CADD is being positioned as a 24/7 CAD settlement layer for institutions and fintechs, covering cross-border settlement, real-time corporate treasury transfers, marketplace payouts and direct settlement between fintech partners without correspondent-banking delays.
“CADD is issued by a regulated financial institution, with reserves held in Canada and compliance built in from day one,” said Didier Lavallée, founder and CEO of Tetra Digital Group. “It enables faster and more efficient movement of Canadian dollars on-chain within a structure institutions recognize.”
The launch is backed by a consortium that includes National Bank of Canada, ATB Financial, Wealthsimple, Shopify, Purpose Unlimited, Shakepay and Urbana Corporation. In late 2025, Tetra completed test transactions between Wealthsimple and National Bank of Canada, described at the time as the first time a Canadian-dollar stablecoin moved between two financial institutions including a major bank.
Other Canadian stablecoins such as QCAD already exist, but Globe and Mail reporting noted their status as securities can limit adoption, while CADD’s issuance through a trust company makes it more like a traditional financial product.
Tetra Digital raised $10 million in September 2025 to fund the stablecoin launch and grow its Tetra Unity software business. Urbana Corporation later invested an additional $3.5 million and holds approximately 47% of Tetra Digital.
