Anchorage Digital Offers Custody Services for Regulated Canadian Dollar Stablecoin

Anchorage Digital, a leading provider of financial infrastructure, has announced the launch of custody services for CADD, a regulated digital Canadian dollar stablecoin.

CADD is a new asset class that aims to provide a secure and reliable store of value, pegged to the Canadian dollar. The introduction of CADD is part of Canada's efforts to establish a regulatory framework for stablecoins, which are designed to reduce volatility in cryptocurrency markets.

With Anchorage Digital's custody services, institutions can now securely store and manage their CADD holdings, ensuring compliance with regulatory requirements and minimizing the risk of loss or theft.