CADD Expands Across Blockchain Networks: Tetra Digital Group Brings Canadian-Dollar Stablecoin to Solana

Tetra Digital Group has expanded its Canadian-dollar stablecoin CADD to Solana, adding another blockchain to the token's existing Ethereum and Base deployments.

CADD is designed to represent Canadian dollars on-chain and can be used for transfers, payments, treasury operations, and settlement. Each CADD token is backed by Canadian-dollar reserves held for redemption purposes.

The expansion comes as Canada's financial sector explores different approaches to putting Canadian-dollar value on blockchain networks: stablecoins issued against reserves and tokenized deposits issued within the commercial banking system.