Canada just got its first regulated stablecoin denominated in Canadian dollars. Digital technology and financial services firm Tetra Trust Company has launched the CADD stablecoin with regulatory approval from the Alberta Treasury Board and Finance. It says CADD is the first CAD-pegged stablecoin issued by a regulated financial services firm. All funds backing CADD are held in trust in Canada and dedicated exclusively to redemption, Tetra said, adding that it meets all institutional expectations around asset protection, transparency, and regulatory compliance. CADD is now live on the Base, Ethereum and Tempo blockchains, with Solana support coming soon. It promises near-instant settlement of transactions. “This milestone reflects the strong collaboration with…
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