Keeta Unveils Fiat-Backed Stablecoin for Regulated Settlement

The Keeta network has introduced its fiat-backed stablecoin, Keeta CAD (KCAD), designed for regulated settlement in Canada. KCAD is backed by Canadian dollars held 1:1 through regulated financial institutions.

This enables users and institutions to move funds on-chain while maintaining price stability. The stablecoin will utilize omnichain distribution, allowing it to be traded across multiple blockchains.

The Keeta network itself is a high-performance Layer 1 blockchain built for modern financial infrastructure. It offers sub-second settlement, high throughput, native compliance, and interoperability with traditional payment rails and other blockchains.

This allows institutions, fintechs, developers, and consumers to build and use regulated financial applications at scale.