Tetra Digital Group launches Canadian-dollar stablecoin CADD on Solana

Solana: Solana is a high-performance blockchain network designed for scalable decentralized applications, payments, and asset transfers. The launch of CADD on Solana adds a regulated Canadian-dollar stablecoin to its ecosystem, supporting use cases in payments, treasury management, and cross-border settlements. This deployment follows earlier integrations of CADD on other chains and aligns with broader network growth in stablecoin activity. Tetra Digital Group: Tetra Digital Group is a Canadian financial services company focused on regulated digital asset infrastructure, including custody through its Tetra Trust subsidiary and stablecoin issuance via CAD Digital Inc. It recently announced the deployment of its CADD stablecoin on Solana, building on prior launches on other networks to enable compliant CAD settlements on-chain. The firm operates under Alberta regulatory oversight and partners with major Canadian institutions for its initiatives. Ecosystem Expansion: CADD's deployment on Solana follows its initial availability on Base, Ethereum, and Tempo, extending CAD on-chain functionality across multiple networks. Regulatory Framework: CADD operates under approval from Alberta Treasury Board and Finance as the first Canadian-dollar stablecoin issued through a regulated financial institution.