Wealthsimple and Tetra opened a Canadian-dollar stablecoin to retail clients on November 13, 2026, starting with a limited beta inside the Wealthsimple app.
CADD, issued by Alberta-registered Tetra Trust, is designed to stay one-to-one with the Canadian dollar and is fully backed by cash, money market funds, and short-term Canadian government debt held at regulated Canadian institutions. Wealthsimple said it is the first regulated financial institution to offer the token to its clients, and that the rollout will reach all of its clients later in 2026. Eligible users can buy, hold, sell, send, and receive CADD in the app, and the token launched on Ethereum and Base.
Eligible balances can earn a 3.25% annual promotional reward, funded by Wealthsimple, accrued daily and paid weekly in CADD, with no minimum. CADD is not legal tender, is not government-backed, and is not covered by Canadian deposit insurance; redemptions follow the issuer's terms.
#Stablecoin #Ethereum #Crypto
DYOR. Not financial advice.
CADD, issued by Alberta-registered Tetra Trust, is designed to stay one-to-one with the Canadian dollar and is fully backed by cash, money market funds, and short-term Canadian government debt held at regulated Canadian institutions. Wealthsimple said it is the first regulated financial institution to offer the token to its clients, and that the rollout will reach all of its clients later in 2026. Eligible users can buy, hold, sell, send, and receive CADD in the app, and the token launched on Ethereum and Base.
Eligible balances can earn a 3.25% annual promotional reward, funded by Wealthsimple, accrued daily and paid weekly in CADD, with no minimum. CADD is not legal tender, is not government-backed, and is not covered by Canadian deposit insurance; redemptions follow the issuer's terms.
#Stablecoin #Ethereum #Crypto
DYOR. Not financial advice.
