Wealthsimple and Tetra partner to bring regulated stablecoin CADD to retail investors
Wealthsimple is the first regulated financial institution to make CADD available to Canadians
November 13, 2026
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Nov 13, 2026 [Toronto, ON] – Wealthsimple and Tetra Digital Group today announced that CADD, the Canadian dollar stablecoin issued by Tetra Trust, is now available on Wealthsimple, starting with a limited beta group of clients. Wealthsimple is the first regulated financial institution to offer CADD to its clients, and the stablecoin will be available to all Wealthsimple clients later this year.
CADD, the first Canadian stablecoin issued by a regulated financial institution, is a tokenized representation of the Canadian dollar that can be used globally for digital transactions. Every CADD is 100% backed by low-risk Canadian-dollar assets such as cash, money market funds, and short term Canadian government debt, held with regulated Canadian financial institutions. CADD is redeemable on a 1:1 basis for Canadian dollars, meaning one unit of CADD is equal to one Canadian dollar.
Adding CADD to Wealthsimple's platform significantly expands consumer access to a regulated, Canadian stablecoin. Stablecoins are used globally by retail investors and businesses to purchase cryptocurrency, conduct cross-border payments, settle business transactions, manage cashflow and power automated payment flows.
"Canadians hold millions of dollars in US-denominated stablecoins, and are using them to power their businesses, buy goods and services, and send money internationally. They should have a Canadian option to choose," said Blair Wiley, Chief Legal Officer at Wealthsimple. "By offering CADD, our clients can transact on-chain in their own currency and contribute to a stronger domestic economy."
Wealthsimple clients can buy, hold, sell, send and receive CADD all from the Wealthsimple app. Because CADD is designed to track the Canadian dollar, users can hold and move digital dollars eliminating the FX fees and exchange-rate risk that come with converting to USD-denominated stablecoins. Wealthsimple will also offer a promotional rewards program to eligible clients that hold CADD on its platform. Clients will receive weekly rewards, equal to 3.25% annually on their eligible CADD balance, funded by Wealthsimple.
“Canadians need a digital Canadian-dollar option as more financial activity moves onchain,” said Didier Lavallée, Founder and CEO of Tetra Digital Group. “Making CADD available through Wealthsimple adds a major retail channel to our growing network of payments, liquidity and distribution partners. The Canadian dollar needs a real place in the digital economy, and CADD is how it gets there.”
CADD's issuer, Tetra Trust Company, is an Alberta-registered trust company operating under the supervision of the Alberta Treasury Board and Finance. Wealthsimple invested in Tetra Digital Group in 2025 and has been part of the consortium of tech and financial institutions helping build CADD.
It's estimated that one in four Canadians hold crypto assets or crypto funds. Since 2020, Wealthsimple has invested in building a trusted place for Canadians to explore digital assets. The company launched Canada's first regulated crypto trading platform in 2020 and the first regulated crypto staking product in the world. Since then, the company has made more than 170 coins available for trading, and added key blockchain-powered capabilities like crypto transfers, swaps and DEX trading.
CADD is not legal tender in Canada, is not backed by any government, and CADD holdings are not insured under the Canada Deposit Insurance Corporation Act, by the Canadian Investor Protection Fund or under any other deposit insurance regime. Redemption of CADD is subject to the CADD Terms and Conditions. To learn more about CADD see here.
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About Wealthsimple
Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across chequing and spending, managed investing, self-directed trading, cryptocurrency and tax filing. Wealthsimple serves more than 4 million Canadians and holds approximately $155 billion in assets under administration, as of June 30, 2026. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto. To learn more, visit www.wealthsimple.com.
About Tetra Digital Group
Tetra Digital Group is a Canadian digital asset infrastructure company helping organizations protect, manage and move digital assets. Through Tetra Trust, a licensed Canadian trust company, Tetra provides qualified digital asset custody. Through CADD, its Canadian-dollar stablecoin, Tetra enables Canadian dollars to move and settle on-chain for payments, treasury and cross-border use. For more information, visit tetradg.com.
For press inquiries:
Wealthsimple
Juanita Leon
Tetra Digital Group
Niomi Henry