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CryptoWorld News, Canadian digital technology and financial services provider Tetra Trust has launched a stablecoin CADD pegged 1:1 to the Canadian dollar, and has received approval from the Alberta Treasury Board and Finance. The project is supported by organizations such as Shopify and the Bank of Canada. Tetra stated that CADD is Canada's first Canadian dollar stablecoin issued by a regulated financial institution, with reserve assets held in trust under Canadian legal frameworks and used for redemption. The token has been deployed on Base, Ethereum, and Tempo, with plans to support Solana in the future.