Canadian fintech Tetra Digital Group says CAD Digital has completed testnet transactions for CADD, a fiat-backed Canadian-dollar stablecoin targeting a Q1 2026 launch. Tests moved CADD between Wealthsimple and National Bank and across Purpose, ATB Financial, and others, marking the first inter-institution transfers of a CAD stablecoin.
Tetra says CADD will be issued by a financial institution, backed one-to-one by Canadian dollars held domestically, and built on regulated custody and compliance rails. New design partners include Aquanow, Cybrid, Float, KOHO, Sling Money, Tempo, and WealthONE, expanding development amid stablecoin rules.
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