Shopify Backs Tetra’s New CAD Stablecoin CADD Launch

TLDR

• Tetra Trust Company launched CADD as a regulated Canadian dollar stablecoin approved by the Alberta Treasury Board and Finance.
• Shopify and the National Bank of Canada joined a consortium that backed the $10 million funding round for CADD.
• CADD operates on Base, Ethereum, and Tempo, and Tetra plans to add Solana support.
• Tetra completed a testnet transfer between Wealthsimple and National Bank in December.
• The company said CADD supports 24/7 cross-border settlement and real-time treasury transfers.

Tetra Trust Company has introduced CADD, a Canadian-dollar stablecoin approved by Alberta Treasury Board and Finance. The Calgary-based firm said it issued the first CAD-pegged stablecoin from a regulated Canadian financial institution. Backers include Shopify and the National Bank of Canada, which support its focus on 24/7 trade settlement.

Shopify and National Bank of Canada Back Institutional Stablecoin Rollout

Tetra Trust Company launched CADD as a regulated Canadian-dollar stablecoin for institutional payments. The company operates from Calgary, Alberta, and focuses on digital asset custody and financial services. Alberta Treasury Board and Finance approved the token before its public release.

The firm said it holds reserves in trust under Canadian law and dedicates them to redemption. CADD currently runs on Base, Ethereum, and Tempo blockchains. Tetra plans to add Solana network support in the coming phase.

Tetra raised $10 million in September 2025 to fund development and launch efforts. Investors include Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada, and Urbana Corporation. Urbana Corporation holds a majority stake in Tetra Trust.

The same consortium now supports the commercial rollout of the stablecoin. In December, Tetra executed testnet transfers between Wealthsimple and National Bank of Canada. The company said the transfer marked the first movement of a Canadian stablecoin between two financial institutions.

Tetra positioned CADD for institutional use, including cross-border settlement and treasury management. The firm said businesses can use the token for real-time transfers and marketplace payouts. It also supports direct fintech-to-fintech settlement without correspondent banking delays.

CADD Enters Limited Canadian Stablecoin Market

Tetra Trust described CADD as a domestic alternative to U.S. dollar stablecoins. The company stated that Canadian firms lacked a regulated CAD-denominated blockchain option. As a result, USD-backed tokens have dominated digital settlements in Canada.

Canada clears about $424 billion in payments each business day on legacy systems. Tetra said many of those systems rely on batch infrastructure introduced in the 1980s. The firm aims to provide continuous settlement through blockchain rails.

Global stablecoin transaction volume exceeded $27 trillion in 2025, according to DeFiLlama. The current market capitalization stands near $320 billion, with most value tied to U.S. dollar tokens. Tetra cited those figures while outlining demand for regulated alternatives.

The competitive landscape in Canada remains limited at present. Stablecorp filed a preliminary prospectus for QCAD with the Ontario Securities Commission in June last year. It later received final approval in December, although QCAD is not yet broadly available.

Loon, a Calgary firm spun out of Paytrie in October, now oversees CADC. CADC launched in 2021 and has processed more than $200 million in transaction volume. Loon raised $3 million in pre-seed funding and pre-filed a prospectus with the Alberta Securities Commission.

Tetra Trust previously became Canada’s first regulated digital asset custodian. The firm provides custody services for staking-enabled ether and Solana exchange-traded funds in the country. The company confirmed that CADD is now live on supported blockchains.

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