Shopify, National Bank of Canada Back CADD Stablecoin for 24/7 Settlement

Shopify and National Bank of Canada are among backers of Tetra Trust’s new stablecoin, CADD, designed for institutional use in 24/7 cross-border settlement and real-time corporate treasury operations.

Product Overview

CADD is positioned as a replacement for legacy batch settlement systems. The stablecoin targets three primary use cases: 24/7 cross-border settlement, real-time corporate treasury management, and direct fintech transfers. By enabling continuous settlement outside traditional banking hours, CADD aims to reduce operational friction for institutional clients managing multi-currency transactions.

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Comment
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BridgeSideEyesvip
· 2h ago
24/7 cross-border settlement is a must-have for friends doing foreign trade; traditional SWIFT just shuts down on weekends.
View OriginalReply0
BridgeSideBantervip
· 2h ago
The batch settlement system definitely deserves to be in a museum; real-time clearing and settlement is the future.
View OriginalReply0
RouterRunnervip
· 2h ago
CADD targets corporate treasury management, it seems like they're trying to grab the business of overnight deposits at banks.
View OriginalReply0
LiquidityLifeguardvip
· 2h ago
Shopify entering the stablecoin space is quite interesting; e-commerce giants are finally starting to explore on-chain settlements.
View OriginalReply0