Canada Launches Regulated Canadian Dollar Stablecoin

Canada has taken a step forward in its digital asset landscape with the launch of CADD, a regulated Canadian dollar stablecoin. The stablecoin is live on Base, Ethereum mainnet, and Tempo, with support from major Canadian institutions such as National Bank of Canada, ATB Financial, Wealthsimple, and Shopify.

CADD's institutional backing and regulatory approval mark a significant development in Canada's stablecoin policy, which continues to take shape. The Stablecoin Act passed in March 2026 as part of Bill C-15 has created a federal framework for fiat-backed stablecoins, with the Bank of Canada expected to serve as the main regulator and supervisor.

For Canadian crypto users, CADD addresses a common market problem by providing a direct Canadian dollar route into digital asset markets. Previously, users had to convert Canadian dollars into U.S. dollars before using USD-backed stablecoins such as USDC or USDT. The addition of CADD gives Base, Coinbase's Ethereum layer-2 network, a regulated Canadian dollar asset at a time when stablecoin activity continues expanding across layer-2 networks.