> ## Content Index > Fetch the complete content index at: https://stablecoininsider.org/llms.txt > Use this file to discover other available public pages before exploring further. # Wealthsimple CADD: Canada's Dollar Stablecoin Goes Retail - URL: https://stablecoininsider.org/wealthsimple-cadd/ - Published: 2026-11-14T07:55:02.000Z - Updated: 2026-11-14T07:55:05.000Z - Description: Wealthsimple now offers CADD, the Canadian dollar stablecoin issued by Tetra Trust, to a beta group of clients, with full rollout planned later this year and 3.25% rewards it funds itself. What CADD is, how it compares with USD stablecoins, and what to watch. - Author: Alexandra - Tags: News, Stablecoins, payments Wealthsimple clients can now buy, hold, sell, send and receive CADD, the Canadian dollar stablecoin issued by Tetra Trust, starting with a limited beta group. Wealthsimple and Tetra Digital Group announced the launch in Toronto on 13 November 2026 and said CADD will reach all Wealthsimple clients later this year ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). Wealthsimple says it is the first regulated financial institution to offer CADD to its clients, and it is pairing the launch with a promotional reward of 3.25% a year on eligible CADD balances, paid weekly and funded by Wealthsimple itself (same source). This post covers what the Wealthsimple CADD launch includes, how CADD works, how it compares with holding a US dollar stablecoin, where the rewards fit in Canada's coming stablecoin rules, and what to watch next. For background on the federal framework, see [Canada stablecoin regulations](https://stablecoininsider.org/canada-stablecoin-regulations/). ## Key Takeaways - Wealthsimple opened CADD, Tetra Trust's Canadian dollar stablecoin, to a limited beta group on 13 November 2026, with all clients to follow later this year. - Each CADD is redeemable 1:1 for Canadian dollars and backed by cash, money market funds and short-term Canadian government debt held at regulated Canadian institutions. - Wealthsimple funds a promotional reward of 3.25% a year on eligible CADD balances, paid weekly in CADD; Tetra says CADD itself pays no interest or yield. - Tetra Trust is an Alberta trust company supervised by Alberta Treasury Board and Finance; CADD is not CDIC or CIPF insured and is not legal tender. - Wealthsimple supports CADD on Ethereum and Base at launch, while Tetra lists Ethereum, Solana, Base, Tempo and Arc as CADD networks. ## What did Wealthsimple and Tetra announce? Wealthsimple added CADD to its app for a limited beta group of clients on 13 November 2026, with access for every client planned later this year ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). Clients in the beta can buy, hold, sell, send and receive CADD inside the Wealthsimple app (same source). Blair Wiley, Wealthsimple's chief legal officer, said Canadians "hold millions of dollars in US-denominated stablecoins" and "should have a Canadian option to choose" ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). Didier Lavallée, founder and CEO of Tetra Digital Group, said the deal "adds a major retail channel" to Tetra's network of payments, liquidity and distribution partners (same source). The two firms were already linked. Wealthsimple invested in Tetra Digital Group in 2025 and has been part of the consortium helping build CADD ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). Fintech.ca reports that Wealthsimple tested CADD transfers with National Bank of Canada in December and that Tetra launched CADD on Base, Ethereum and Tempo in May ([Fintech.ca](https://www.fintech.ca/2026/11/13/wealthsimple-opens-retail-beta-for-tetras-canadian-dollar-stablecoin/)). 📌 Scope check: this is a distribution launch for an existing Canadian dollar stablecoin, not a new token, a bank deposit product or a Bank of Canada digital currency. Access is limited to a beta group for now. ## What is CADD and who stands behind it? CADD is a Canadian dollar stablecoin issued by Tetra Trust Company, an Alberta trust corporation supervised by Alberta Treasury Board and Finance. Tetra says CADD has been approved by Alberta's Minister of Treasury Board and Finance, and that CAD Digital, a Tetra subsidiary, arranges issuance, distribution and redemption as Tetra's agent ([Tetra CADD page](https://tetradg.com/cadd)). Every CADD is backed 100% by low-risk Canadian dollar assets such as cash, money market funds and short-term Canadian government debt, held with regulated Canadian financial institutions, and is redeemable 1:1 for Canadian dollars ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). Tetra says the reserve ratio is reported daily, Baker Tilly prepares monthly independent reserve attestations, and the CADD Reserve Trust has an annual financial statement audit ([Tetra CADD page](https://tetradg.com/cadd)). | CADD detail | What the sources say | | ----------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | Issuer | Tetra Trust Company, Alberta trust corporation ([Tetra](https://tetradg.com/cadd)) | | Supervisor | Alberta Treasury Board and Finance ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)) | | Backing | Cash, money market funds, short-term Canadian government debt ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)) | | Redemption | 1 CADD for 1 Canadian dollar, subject to CADD terms ([Tetra](https://tetradg.com/cadd)) | | Reporting | Daily reserve ratio, monthly Baker Tilly attestations ([Tetra](https://tetradg.com/cadd)) | | Networks | Ethereum and Base on Wealthsimple; Tetra lists Ethereum, Solana, Base, Tempo and Arc ([Wealthsimple](https://www.wealthsimple.com/en-ca/learn/cadd-canadian-dollar-stablecoin), [Tetra](https://tetradg.com/cadd)) | | Insurance | Not covered by CDIC or CIPF; not legal tender ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)) | Canada already has other Canadian dollar stablecoin efforts, including Stablecorp's QCAD; Stablecoin Insider covered that launch in [QCAD: Canada's first regulated stablecoin](https://stablecoininsider.org/qcad-canadas-first-regulated-stablecoin/) and the wider race in [Canada's stablecoin rush](https://stablecoininsider.org/canadas-stablecoin-rush/). [QCAD: Canada's First Regulated StablecoinStablecoin Insider's November 2025 look at Stablecorp's QCAD launch.![](https://stablecoininsider.org/favicon.ico)Stablecoin Insider](https://stablecoininsider.org/qcad-canadas-first-regulated-stablecoin/) ## How does buying CADD on Wealthsimple work? CADD trades against Canadian dollars at a fixed 1:1 rate with no trading commission and no markup, so $500 buys 500 CADD. Wealthsimple says only market orders are supported, trades settle instantly against its own CADD inventory, and CADD can also be swapped for other crypto on the platform ([Wealthsimple CADD guide](https://www.wealthsimple.com/en-ca/learn/cadd-canadian-dollar-stablecoin)). - Pair: CADD/CAD, 1:1 with no markup (Wealthsimple CADD guide). - Orders: market orders only, since the target price does not move (Wealthsimple CADD guide). - Minimum: the minimum order is currently $2 CAD, with no fee to buy or sell; normal swap fees apply to crypto swaps ([Wealthsimple help centre](https://help.wealthsimple.com/hc/en-ca/articles/57306801955099-Buy-sell-and-earn-rewards-on-CADD)). - Transfers: CADD can be sent to external wallets on Ethereum or Base, with network fees paid in CADD and standard crypto withdrawal limits of $10,000 CAD per 24 hours and $25,000 CAD per 7 days ([Wealthsimple help centre](https://help.wealthsimple.com/hc/en-ca/articles/57306801955099-Buy-sell-and-earn-rewards-on-CADD)). - Access: limited beta now, all clients later this year (Wealthsimple release). ## How does CADD compare with a US dollar stablecoin or CAD cash? For a Canadian holder, the main difference is currency risk. Wealthsimple says CADD lets users hold and move digital dollars without the FX fees and exchange-rate risk that come with converting to USD-denominated stablecoins ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). The table compares the three options on points the sources address. | Feature | CADD on Wealthsimple | USD stablecoin (for example USDC) | CAD cash in a bank account | | ---------------------- | -------------------------------------- | --------------------------------- | ---------------------------------------------- | | Currency | Canadian dollar | US dollar | Canadian dollar | | FX conversion from CAD | None needed | Needed, with exchange-rate risk | None needed | | Deposit insurance | No CDIC or CIPF cover | No CDIC cover | CDIC cover on eligible deposits, within limits | | Moves onchain 24/7 | Yes, on supported networks | Yes, on supported networks | No, bank rails and hours | | Holding reward | 3.25% promotional, Wealthsimple funded | Depends on platform | Depends on account | Sources for the CADD column: [Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors) and [Wealthsimple CADD guide](https://www.wealthsimple.com/en-ca/learn/cadd-canadian-dollar-stablecoin). Wealthsimple's own [CADD information and risk statement](https://www.wealthsimple.com/en-ca/legal/disclaimers/cadd-information-and-risk-statement) says CADD is riskier than a bank deposit or cash in a Wealthsimple account, because redemption depends on the backing assets being sufficient and on Tetra or Wealthsimple processing requests. For a general primer on peg and reserve risk, see [are stablecoins safe](https://stablecoininsider.org/are-stablecoins-safe-risks-depegging-reserve-backing/). [Read the Canada stablecoin rules breakdown](https://stablecoininsider.org/canada-stablecoin-regulations/) ## How do the 3.25% CADD rewards fit Canada's stablecoin rules? The 3.25% is a Wealthsimple loyalty reward, not interest paid by CADD. Wealthsimple says the reward accrues daily, is paid weekly in CADD, has no minimum balance and can change, and that CADD does not pay any return on its own ([Wealthsimple CADD guide](https://www.wealthsimple.com/en-ca/learn/cadd-canadian-dollar-stablecoin)). Tetra also states that CADD is not designed to pay interest or yield to holders ([Tetra CADD page](https://tetradg.com/cadd)). That distinction matters because Canada's federal Stablecoin Act, which received royal assent on 26 March 2026, is not yet fully in force. Draft regulations published on 24 October 2026 would ban issuers from paying yield for holding a stablecoin, including through issuer-funded partner deals, while allowing rewards tied to using a coin; the government targets fall 2027 for the regime, as Stablecoin Insider detailed in [Canada stablecoin regulations](https://stablecoininsider.org/canada-stablecoin-regulations/) and earlier in [Canada's draft Stablecoin Act](https://stablecoininsider.org/canada-stablecoin-act/). 💡 Stablecoin Insider's take: Wealthsimple has framed the 3.25% as a platform-funded holding reward rather than issuer yield. How the final federal rules treat that kind of reward, and a provincially supervised trust issuer such as Tetra, is not settled in either announcement, so the reward is the part of this launch most exposed to regulatory change. The US debate runs on similar lines, with the GENIUS Act barring issuer interest and Congress still arguing over exchange rewards; see [stablecoin rules on interest and yields](https://stablecoininsider.org/stablecoin-rules-on-interest-yields/). **Tracking which banks and fintechs issue stablecoins?** See Stablecoin Insider's map of issuers, from USD giants to regional coins such as CADD. [Read the issuer map ](https://stablecoininsider.org/who-issues-stablecoins/) ## Why does the Wealthsimple CADD launch matter? It gives a Canadian dollar stablecoin its first large regulated retail channel. Wealthsimple says it serves more than 4 million Canadians and holds about $169 billion in assets under administration as of 30 September 2026 ([Wealthsimple newsroom](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)), so even a gradual rollout puts CADD in front of a far bigger audience than DeFi venues or wallets alone. It also tests whether Canadians who already use USD stablecoins for payments and transfers will switch to a domestic option once one is easy to buy. Wealthsimple's pitch is that CADD can be sent across borders without the limits of Interac e-Transfer and at lower cost than a wire ([Wealthsimple CADD guide](https://www.wealthsimple.com/en-ca/learn/cadd-canadian-dollar-stablecoin)), though no volume or user figures have been shared yet. ## What is still unknown about Wealthsimple CADD? Three things are not public yet: the size of the beta, the exact date of the full rollout and any CADD supply figures. The release says only "a limited beta group" and "later this year" ([Wealthsimple release](https://newsroom.wealthsimple.com/wealthsimple-and-tetra-partner-to-bring-regulated-stablecoin-cadd-to-retail-investors)). - Rollout: no date beyond "later this year" for all clients. - Supply: no circulating CADD figure appears in either announcement. - Networks: Wealthsimple starts with Ethereum and Base; no date for Solana, Tempo or Arc support in the app. - Rewards: the 3.25% rate is promotional and can change, with no end date given. ## FAQ #### What is Wealthsimple CADD? CADD is a Canadian dollar stablecoin issued by Tetra Trust. Since 13 November 2026, a limited beta group of Wealthsimple clients can buy, hold, sell, send and receive it in the Wealthsimple app. #### Who issues CADD? Tetra Trust Company, an Alberta trust corporation supervised by Alberta Treasury Board and Finance. CAD Digital, a Tetra subsidiary, administers issuance and redemption as its agent. #### Does CADD pay interest? No. CADD itself pays no interest or yield. Wealthsimple funds a separate promotional reward of 3.25% a year on eligible CADD balances held on its platform, and the rate can change. #### Is CADD insured by CDIC? No. CADD and CADD rewards are not covered by CDIC or CIPF, and CADD is not legal tender or a bank deposit. #### Which blockchains support CADD? Wealthsimple supports CADD on Ethereum and Base at launch. Tetra lists Ethereum, Solana, Base, Tempo and Arc as CADD networks. #### When can all Wealthsimple clients use CADD? Wealthsimple says CADD will be available to all clients later this year. No specific date has been given. ## What happens next? Next, watch for the full Wealthsimple rollout date, the first CADD supply figures after the beta, any change to the 3.25% reward, and comments on Canada's draft stablecoin regulations, which close on 23 December 2026\. Stablecoin Insider will update this post when those details are published. --- This content is provided for informational and educational purposes only and doesn't constitute financial, investment, legal or tax advice. Nothing here is a recommendation to buy or sell CADD, any other stablecoin or any digital asset, or to open an account with any named platform. Do your own research and speak to a licensed adviser before making financial decisions.