Tetra Group Reveals Trade-Settling Stablecoin Backed by National Bank of Canada

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Tetra Digital Group announced that its CADD became the first stablecoin in Canada to be issued by a licensed trust company, with support from the national bank.

The financial services provider said that CADD has received regulatory approval from Alberta Treasury Board and Finance. It further explained that this is a Canadian-dollar-backed payment stablecoin, with institutional scale from the get-go.

Didier Lavallée, Founder and CEO of Tetra Digital Group, said that the coin is the result of a strong collaboration with Alberta’s government, regulators, and industry partners. “A consortium” of major Canadian financial institutions and technology companies backs CADD. This includes the National Bank of Canada, Shopify, Tetra Digital Group, Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, and ATB Financial.

“This marks a national first for digital asset infrastructure in Canada by enabling Canadian dollars to move on blockchain rails under a financial services regulatory framework.”

Funds necessary to mint CADD are held in trust, marked for redemption exclusively, Tetra says. It created this model for banks, payment service providers, and fintech platforms that seek regulatory clarity.

Lavallée stated that “CADD is issued by a regulated financial institution, with reserves held in Canada and compliance built in from day one by a firm with Canada’s longest track record of operating regulated digital asset infrastructure. It enables faster and more efficient movement of Canadian dollars on-chain within a structure institutions recognize.”

CADD is now live on Base, Ethereum, and Tempo, and will soon be live on Solana.

The company completed a testnet phase in December 2025. At that point, CADD became the first Canadian stablecoin to move between two financial institutions, National Bank of Canada and Wealthsimple, the announcement notes.

Enabling Novel Use Cases in Canada

Tetra Digital noted that stablecoins are becoming increasingly accepted as a payment and settlement method worldwide. The global stablecoin transaction volume surpassed $27 trillion in 2025, exceeding Visa’s annual payment volume.

Yet, the Canadian dollar, despite being one of the most traded currencies globally, lags behind the US dollar. Moreover, the country clears some $424 billion every business day, but the retail payments rely on the 1980s infrastructure.

Therefore, Tetra created CADD to bring “Canadian dollars onto continuous, programmable networks with near-instant settlement finality.” The novel stablecoin enables institutional use cases that were very difficult to do on existing rails. Examples include 24/7 cross-border settlement, real-time corporate treasury transfers, programmable payments for marketplace payouts, and direct settlement between fintech partners without correspondent banking delays, the press release says.

Meanwhile, Tetra Digital Group is the parent company of Tetra Trust, Tetra Unity, and CAD Digital. Tetra Trust was the first regulated digital asset custodian in Canada. It established institutional-grade custody as a licensed provincial trust company. It also supported the first staking-enabled Ethereum and Solana ETFs in that country.