Shopify, National Bank of Canada Back Tetra Trust's CADD Stablecoin

Tetra Trust has launched CADD, a new stablecoin backed by institutional investors including Shopify and National Bank of Canada. The stablecoin is designed for 24/7 cross-border settlement, real-time corporate treasury management, and direct fintech transfers, according to the announcement.

Institutional Use Cases

CADD targets institutional users seeking to replace legacy batch settlement systems. The stablecoin enables continuous cross-border transaction settlement without the delays inherent in traditional banking infrastructure. Key use cases include real-time corporate treasury operations and direct transfers between fintech platforms, positioning CADD as an alternative to conventional settlement methods.