Tetra Belief Firm, a Canadian digital know-how and monetary companies supplier, has launched CADD, a Canadian greenback stablecoin authorized by the Alberta Treasury Board and Division of Finance.
The corporate mentioned that is the primary Canadian dollar-pegged stablecoin issued by a Canadian regulated monetary establishment. In keeping with the corporate, the reserve funds are held in belief below Canadian legislation and can be used for redemption. The token runs on main blockchains corresponding to Base, Ethereum, and Tempo, with help for Solana additionally deliberate.
Calgary, Alberta-based Tetra raised $10 million for the undertaking in September 2025 with help from Shopify, Wealthsimple, Function Limitless, Shakepay, ATB Monetary, Nationwide Financial institution of Canada, and majority stakeholder Urbana Company. The consortium can also be supporting the launch.
In December, Tetra executed a testnet transaction between Wealthsimple and Nationwide Financial institution. The corporate mentioned that is the primary time a Canadian stablecoin has been moved between two monetary establishments.
Tetra has positioned CADD for institutional use instances corresponding to 24/7 cross-border funds, real-time company treasury transfers, programmable market funds, and direct fintech-to-fintech funds with out the delays of correspondent banking.
$320 billion market
Though the stablecoin sector has grown quickly lately, this launch is no surprise as there was a scarcity of a significant and controlled Canadian sector.
The corporate says Canada clears roughly $424 billion per working day on conventional rail, which nonetheless depends on batch infrastructure first deployed within the Eighties. Whereas the USA is driving the expansion of the stablecoin sector by way of regulation, Canadian firms lack home choices for shifting Canadian {dollars} on blockchain, with USD-denominated stablecoins dominating.
World stablecoin transaction quantity will exceed $27 trillion in 2025, exceeding Visa’s annual fee quantity. In keeping with DeFiLlama, the present stablecoin market capitalization is $320 billion, with USD stablecoins accounting for almost all of that.
Alternatively, there are few home rivals.
Stablecorp, backed by Coinbase Ventures, filed a preliminary prospectus for QCAD with the Ontario Securities Fee final June and obtained last approval in December. This token will not be extensively obtainable but.
Moreover, Calgary firm Loon, which was spun out of Paytrie in October, is taking up CADC, a stablecoin issued in 2021 that has processed greater than $200 million in transaction quantity. Loon has raised $3 million in pre-seed funding and has pre-filed a prospectus with the Alberta Securities Fee.
Tetra Belief is Canada’s first regulated digital asset custodian and gives custody of the nation’s first staking-enabled Ether and Solana ETFs.
