Anchorage Digital Expands Stablecoin Custody Services for CADD

Anchorage Digital, a federally chartered crypto bank in the United States, has introduced custody services for CADD (Canadian Dollar Digital). The stablecoin is issued by Tetra Digital Group through CAD Digital Inc. and is backed 1:1 by Canadian dollars held in trust at a licensed Canadian trust company.

The launch of Anchorage Digital's custody services for CADD strengthens institutional access to blockchain-based Canadian dollar settlement and cross-border payment systems. The integration aligns with Canada's evolving stablecoin regulations, which require fiat-backed stablecoin issuers to maintain full reserve backing, use qualified custodians, and separate customer assets from company funds.

CADD is currently available on Ethereum, Base, and Tempo networks, with plans to expand support to Solana in the future. This multi-chain strategy aims to improve interoperability and allow businesses to integrate digital Canadian dollar payments into existing blockchain applications and financial systems.