CAD Digital (CADD) is a fiat-backed Canadian dollar stablecoin. It has about $1.0M in circulation, ranking #218 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
What is CADD?
CAD Digital (CADD) is a fiat-backed Canadian dollar stablecoin. It has about $1.0M in circulation, ranking #218 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
In the issuer's words: CADD is a Canadian dollar-backed payment stablecoin issued by Tetra Trust Company via its agent CAD Digital Inc. It is backed 1:1 by Canadian dollars.
CADD supply history
CADD supply grew 62.2% over the past 30 days, to $1.0M. Its peak was $1.4M in October 2026, and supply is 29% below that high.
Is CADD holding its peg?
CADD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where CADD lives: supply by blockchain
CADD is spread across several networks. The largest, Base, holds 60% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How CADD is backed
Each CADD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: CADD is backed 1:1 by Canadian dollars, with minting funds held in trust and dedicated exclusively to redemption.
CADD risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $1.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
CADD vs USDT and USDC
Similar fiat-backed stablecoins
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CADD FAQ
What is CADD?
CAD Digital (CADD) is a fiat-backed Canadian dollar stablecoin. It has about $1.0M in circulation, ranking #218 among the stablecoins CoinScoop tracks, and runs on 2 blockchains.
Is CADD pegged 1:1 to the canadian dollar?
CADD targets 1 CAD. At the last update it traded at C$1.0002, a deviation of +0.02%, which we classify as "on peg".
What backs CADD?
CADD is a fiat-backed stablecoin. Each CADD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is CADD on?
CADD is live on 2 blockchains. The largest by supply are Base ($862K), Ethereum ($566K).
How much CADD is in circulation?
About $1.0M of CADD was in circulation at the last update, +62.2% over 30 days. That makes it the #218 stablecoin by supply among those we track.
Is CADD safe?
No stablecoin is risk-free. As a fiat-backed design, CADD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.