Tetra Digital Group's CADD stablecoin expands to Solana
- —CADD is backed 1:1 by Canadian dollars in segregated, independently audited trust reserves
- —Approved by the Alberta Treasury Board and Finance, with Tetra Trust as custodian
- —Backers include Wealthsimple, Shopify, Shakepay, ATB Financial and National Bank of Canada
- —Tetra raised $10 million in September 2025 to build the project
Why it matters: CADD gives institutions a way to settle in Canadian dollars on-chain, reducing reliance on USD-pegged stablecoins.
Source: Crypto Briefing