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CADD Stablecoin Expands to High-Throughput Solana Blockchain

Guavy AI Editorial Team
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CAD
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CADD, a Canadian-dollar stablecoin issued by Tetra Digital Group, has expanded to the Solana blockchain. The move brings CAD-denominated digital assets onto Solana's high-throughput network and supports on-chain liquidity for the Canadian dollar.

Tetra Digital developed CADD with CAD Digital as an agent for Tetra Trust Company. Each CADD is redeemable on a 1:1 basis for one Canadian dollar, with the corresponding reserve held in trust for redemptions.

Solana's high transaction throughput made it an attractive platform for CADD deployment. The stablecoin had previously launched across other blockchain networks, including Base, Ethereum, and Tempo.

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