Canada’s First Regulated CAD Stablecoin CADD Gets Alberta Approval

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Canada’s First Regulated CAD Stablecoin CADD Gets Alberta Approval

Key Highlights

  • CADD becomes Canada’s first regulated CAD-backed stablecoin.
  • The stablecoin is approved by the Alberta Treasury Board and Finance via CAD Digital.
  • It is issued by Tetra Trust with 1:1 CAD reserves held in Canada.

Tetra Trust Company, a Canadian digital asset custodian operating under full regulatory compliance, announced today that CADD, a stablecoin pegged to the Canadian dollar, has been approved by the Alberta Treasury Board and Finance through its representative, CAD Digital Inc.

The official announcement confirms this is Canada’s first regulated CAD stablecoin, allowing Canadian dollars to be transferred on blockchain technology under established financial rules.

CADD is a product offered by a regulated trust company, meaning its funds are securely held in Canada and it follows strict rules. You can currently use it on Base, Ethereum, and Tempo, and it will be available on Solana soon.

Didier Lavallée, CEO of Tetra Digital Group, explained that the approval demonstrates successful teamwork between his company, the Alberta government, industry experts, and financial regulators. He highlighted that CADD, their new Canadian-dollar stablecoin, is issued by a regulated bank, with all funds held in Canada and fully compliant with regulations from the start.

Details about the stablecoin

CADD is a stablecoin backed by funds held securely by a licensed trust company, ensuring it maintains a consistent value. These funds are specifically reserved for redeeming CADD tokens, meeting the high security standards expected by institutional investors.

Tetra Trust, a Canadian company licensed to securely hold digital assets, already provided support for Ethereum and Solana exchange-traded funds (ETFs) that allowed staking. Now, they are adding support for CADD.

This stablecoin is supported by a consortium of Canadian banks and technology firms, including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada, and Shopify.

In December 2025, CADD successfully finished its test phase, becoming the first stablecoin in Canada that allows users to directly transfer funds between major financial institutions like the National Bank of Canada and Wealthsimple.

Rules for stablecoins 

Canada introduced its first national rules for stablecoins last year as part of the 2025 federal budget. These rules require stablecoins to be fully backed by reserves, have clear policies for redeeming them, and offer stronger security for users’ personal and financial data.

The Bank of Canada is providing $10 million over two years to manage the rollout of this new system. They anticipate covering any further costs through fees paid by the institutions they regulate.

Broader context

This development comes as demand for stablecoins grows, with global transactions exceeding $27 trillion in 2025. CADD is designed for businesses and offers benefits like 24/7 international payments, quick transfers between company accounts, customizable payment options, and direct connections between fintech companies – eliminating the delays often caused by traditional banking systems.

Now that we have regulatory approval, CADD is ready to launch, supported by strong financial backing and a commitment to clear, reliable regulations. This new development is a response to changes in Canadian rules around digital assets and a growing demand for faster, simpler ways to move Canadian dollars on the blockchain.

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2026-05-04 21:57