Canada launches first regulated CAD-backed stablecoin by financial institution

Urbana Corporation congratulates CAD Digital Inc., a Tetra Digital Group subsidiary, on launching Canada's first regulated Canadian-dollar stablecoin. This stablecoin is fully backed 1:1 by Canadian dollars and approved by Alberta Treasury Board and Finance, marking a national milestone in digital asset infrastructure. Tetra Digital, with its strong background in digital asset custody and financial services, is pioneering blockchain-based Canadian dollar transactions under regulatory oversight. Urbana owns about 47% of Tetra Digital and supports its innovative digital finance initiatives.