Canada just got its first regulated digital dollar to take on the U.S. stablecoin's crypto dominance
CoinDesk
Tetra Trust has launched CADD, a regulated Canadian-dollar stablecoin backed by major financial players to facilitate 24/7 institutional trade settlements.Summary
Tetra Trust Company has introduced CADD, Canada's first regulated stablecoin pegged to the Canadian dollar, aiming to challenge the dominance of USD-based stablecoins. Supported by prominent investors including Shopify and National Bank of Canada, the token is designed for institutional use, enabling real-time cross-border settlements and corporate treasury transfers. By operating on major blockchains, CADD intends to modernize Canada's financial infrastructure and move away from legacy batch processing systems.
(Source：CoinDesk)