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Calgary’s Tetra launches first Canadian dollar-backed stablecoin issued by financial institution
The token is backed 1:1 by Canadian dollars and is designed to speed business and cross-border payments under Alberta approval.
- On Monday, Tetra Digital Group launched CADD, Canada's first Canadian-dollar stablecoin issued by a regulated financial institution, following approval from Alberta Treasury Board and Finance.
- Unlike competitors often treated as securities, CADD operates as a regulated payment instrument where Tetra Trust Company legally owes holders one Canadian dollar per token, avoiding securities law barriers.
- Major financial players including Wealthsimple, National Bank of Canada, and Shopify are supporting the token, with Mr. Priuli expecting initial demand to stem from business-to-business transactions.
- Global stablecoin market capitalization has surpassed $400-billion this year according to Deloitte, though a Kansas City Federal Reserve Bank study shows consumer adoption remains below one per cent.
- Chair of Urbana Corporation Thomas Caldwell hailed the launch as an 'exciting first for Canada,' with Urbana holding approximately 47% of Tetra Digital and advancing national digital asset infrastructure.
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18 Articles
18 Articles
Canada just got its first regulated digital dollar to take on the U.S. stablecoin's crypto dominance
Tetra Trust's new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems.
·Manila, Philippines (the)
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The Hamilton SpectatorReposted by 
Cambridge Times
Cambridge TimesUrbana Corporation Congratulates CAD Digital Inc., a Subsidiary of Tetra Digital Group, on the Launch of Canada’s First Regulated Stablecoin Issued by a Financial Institution
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
·Hamilton, Canada
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Total News Sources18
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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