Tetra Digital Launches Canada's First Regulated CAD Stablecoin

Tetra Digital Group launched CADD on May 4, 2026, as the first Canadian dollar-backed stablecoin issued by a regulated financial institution in Canada. Issued by the licensed Tetra Trust Company with approval from the Alberta Treasury Board and Finance, the token is pegged 1:1 to the Canadian dollar. It operates as a regulated payment instrument rather than a security to lower adoption barriers for businesses and consumers.

The digital asset aims to reduce reliance on U.S. dollar stablecoins, which the company says imposes operational expenses and foreign exchange fees on Canadians. To ensure transparency, Tetra Digital Group utilizes an external auditor for monthly published attestations and random checks of reserves held at Canadian financial institutions. The company currently uses the Base blockchain for transactions and Ethereum for institutional records, with plans to expand to Solana.

Tetra Digital intends to drive adoption through partnerships with major financial and retail entities, including Shopify, Wealthsimple, and the National Bank of Canada, initially targeting business-to-business transactions. While the federal Stablecoin Act is set to take effect in 2027, CADD is currently distributed under existing provincial prudential frameworks. Urbana Corporation owns approximately 47% of Tetra Digital and has invested in the company since 2021.