CADD on Solana: Tetra's Canadian-Dollar Stablecoin Goes Live
Tetra Digital Group has brought CADD to Solana, per Tetra the first Canadian-dollar stablecoin issued by a regulated financial institution. The same day, Tetra warned of fake CADD tokens and shared the official address.
What Happened
Calgary-based Tetra Digital Group launched the stablecoin CADD on Solana on September 23. According to Tetra, CADD is the first Canadian-dollar stablecoin issued by a regulated financial institution. Tetra names payments, transfers, treasury, and settlement as use cases. The official Solana account confirmed the launch shortly afterwards.
Official Address and Fake Warning
About two hours after launch, Tetra reported fake CADD tokens appearing onchain. Per Tetra, the official mint address on Solana is Az9eyxEaiZD9AX4j5nP19Cm79eyfNriTuddMSQmLNEBm. Tokens with the same name but a different address are not the official CADD.
Background on CADD
- Backing: according to Tetra, CADD is backed 1:1 by Canadian dollars. Per BNN Bloomberg, reserves are held with Canadian financial institutions, including tier-one banks.
- Regulation: according to BNN Bloomberg, CADD was approved by Alberta Treasury Board and Finance. It is issued by a licensed trust company, Tetra subsidiary CAD Digital Inc. A federal stablecoin law is set to take effect in Canada in 2027.
- Backers: BNN Bloomberg names National Bank of Canada, Shopify, Wealthsimple, and ATB Financial.
- History: CADD launched on May 4, 2026, on Base and Ethereum. Solana has now been added.
For the stablecoins already on Solana, see Stablecoins on Solana compared.
Verify token addresses only through official sources.
What to Watch
- Whether wallets, exchanges, and payment providers integrate CADD on Solana
- How Canada’s stablecoin law affects CADD ahead of 2027
Sources
- Tetra Digital Group — Solana launch · Warning about fake tokens
- Solana — Post on X
- BNN Bloomberg — Report on the May launch of CADD
- SOLANA·HUB knowledge: Stablecoins on Solana compared