Anchorage Digital Adds CADD Stablecoin to Custody Lineup

Tetra Digital Group's CADD stablecoin has gained custody through Anchorage Digital, a federally chartered crypto bank and qualified custodian. This development allows institutional investors to hold the Canadian dollar-backed token within existing workflows, providing a regulated and secure way to manage their assets.

The addition of CADD to Anchorage Digital's custody lineup comes as Canada finalizes its federal stablecoin regime, which will require fiat-backed issuers to register with the Bank of Canada and maintain 1:1 reserves. This move is seen as a significant step towards establishing a compliant digital cash system in Canada.