Canada Unveils Regulated CAD Stablecoin for Faster Cross-Border Settlements

Canada has taken a major step forward in its adoption of cryptocurrency with the launch of a regulated CAD stablecoin, CADD. Developed by Tetra Trust Company, CADD is a one-to-one Canadian dollar-backed token that operates within a governed financial system.

The introduction of CADD brings near-instant settlement capabilities to Canada's legacy payment systems, which process over $424 billion in daily transactions. This new branch of the country's payment infrastructure allows for faster and more efficient cross-border settlements, real-time treasury operations, and programmable payments.

CADD has received regulatory approval from Alberta Treasury Board and Finance, making it the first stablecoin in Canada issued by a licensed trust company. The token is now live on Base, Ethereum, and Tempo network systems, with plans to extend to Solana.