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Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7
Tetra Trust’s new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems.
May 4, 2026, 4:20 p.m. 2 min read
What to know:
- Tetra Trust launched CADD, the first CAD-pegged stablecoin from a regulated Canadian financial institution, approved by Alberta Treasury Board and Finance.
- CADD is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing old batch systems.
- The token is live on Base, Ethereum, and Tempo, with Solana support planned. Its launch is backed by a consortium including Shopify and the National Bank of Canada.
The Calgary, Alberta-based Tetra raised $10 million for the project in September 2025, with backing from Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada and Urbana Corporation, which holds a majority stake. The same consortium is also supporting the launch.
In December, Tetra ran testnet transactions between Wealthsimple and National Bank. The transfer was the first time a Canadian stablecoin moved between two financial institutions, the firm said.
Tetra positioned CADD for institutional use cases, including 24/7 cross-border settlement, real-time corporate treasury transfers, programmable marketplace payouts, and direct fintech-to-fintech settlement without the delays of correspondent banking.
