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Shopify, National Bank of Canada Back CADD Stablecoin for 24/7 Settlement

CryptoFrontier

Project Progress Partnerships & Ecosystem

2026-05-05 10:37:05

Shopify and National Bank of Canada are among backers of Tetra Trust’s new stablecoin, CADD, designed for institutional use in 24/7 cross-border settlement and real-time corporate treasury operations.

Product Overview

CADD is positioned as a replacement for legacy batch settlement systems. The stablecoin targets three primary use cases: 24/7 cross-border settlement, real-time corporate treasury management, and direct fintech transfers. By enabling continuous settlement outside traditional banking hours, CADD aims to reduce operational friction for institutional clients managing multi-currency transactions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Comment

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QuantsAndCats

· 05-08 10:00

The institutional-level stablecoin race is becoming more crowded; let's see who can be the first to achieve real adoption.

View OriginalReply0

GateUser-170ee8b1

· 05-05 21:47

Canada is very stable this time; North American Metaverse settlement infrastructure +1

View OriginalReply0

BridgeSideEyes

· 05-05 10:55

24/7 cross-border settlement is a must-have for friends doing foreign trade; traditional SWIFT just shuts down on weekends.

View OriginalReply0

BridgeSideBanter

· 05-05 10:49

The batch settlement system definitely deserves to be in a museum; real-time clearing and settlement is the future.

View OriginalReply0

RouterRunner

· 05-05 10:49

CADD targets corporate treasury management, it seems like they're trying to grab the business of overnight deposits at banks.

View OriginalReply0

LiquidityLifeguard

· 05-05 10:49

Shopify entering the stablecoin space is quite interesting; e-commerce giants are finally starting to explore on-chain settlements.

View OriginalReply0