🚨 Big News for Canada’s Crypto Scene! 🇨🇦💰
Tetra Digital just secured $10M in funding to build a fully regulated Canadian dollar stablecoin (CAD-backed) — planned to launch in early 2026 (regulatory green light pending).
👥 Backed by some heavy hitters: Shopify, Wealthsimple, National Bank, ATB Financial, Shakepay, Purpose Unlimited and more.
The coin will be:
✔️ Backed 1:1 with Canadian dollar reserves 🏦
✔️ Issued through Tetra Trust (their regulated custody arm)
✔️ Aimed at powering payments & remittances at scale 🌍
Why it matters?
Most stablecoins today are pegged to the U.S. dollar 💵. With global stablecoin markets set to cross $1 trillion, Canada wants its own homegrown option — by Canadians, for Canadians. 🇨🇦
Tetra’s CEO put it simply: it’s about economic sovereignty and giving businesses & users a reliable CAD-based digital payment tool.
🔥 Fun fact: Another player, Stablecorp, also raised funds earlier this year to grow its CAD-backed stablecoin (QCAD). Looks like the race for Canada’s digital dollar is heating up!
