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CryptoMedium•4 May 2026•

1 min read

Shopify and National Bank of Canada Back New CADD Stablecoin for Institutional Settlement

Key Facts

1Tetra Trust launched a new stablecoin called CADD aimed at settling institutional trades 24/7.

2The project received backing from major entities including Shopify and National Bank of Canada to facilitate real-time financial transfers.

Tetra Trust has officially launched CADD, a new stablecoin designed to facilitate 24/7 institutional trade settlements and corporate treasury management. The initiative has secured significant backing from major entities, including e-commerce giant Shopify and the National Bank of Canada. By leveraging blockchain technology, CADD aims to replace inefficient legacy banking systems with a real-time settlement layer for financial transfers. This digital currency is specifically tailored to meet the needs of fintech firms and institutional treasuries seeking to move away from traditional batch processing. The collaboration signals a growing trend of institutional adoption, bridging the gap between traditional finance and digital assets. This move is expected to enhance liquidity management and streamline cross-border transactions for Canadian enterprises.