Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7

Bullish+15.58%
4 May, 16:20
Source: CoinDesk

AI Summary

Tetra Trust launches CADD stablecoin with backing from Shopify and National Bank of Canada for institutional 24/7 cross-border settlement and corporate treasury use.

Tetra Trust's new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems.