Sling Money has been named a design partner for CADD, the new Canadian dollar stablecoin from Tetra Digital Group. This collaboration will focus on testing the real-world applications of a fully regulated, 1:1 CAD-backed stablecoin.

This announcement comes as Tetra completes its first smart contract deployment and initial partner testing for CADD, Canada's first fully regulated stablecoin, paving the way for a Q1 2026 launch.

CADD, a fiat-backed token issued by CAD Digital—a subsidiary of Tetra Digital Group—aims to provide a secure, transparent, and efficient digital alternative to traditional Canadian dollars. Backed 1:1 by CAD held under Canadian law, the stablecoin leverages Tetra's institutional-grade custody and compliance infrastructure to facilitate seamless payments and transactions across the financial ecosystem.

The recent milestones include successful test transactions within a controlled testnet environment, marking the first time a Canadian-dollar stablecoin has been transferred between two financial institutions, including a major bank. Partners such as Wealthsimple and National Bank demonstrated secure transfers, while additional flows involved Purpose, ATB Financial, and CAD Digital itself. These tests highlight CADD's potential to enhance efficiency in everyday operations without compromising regulatory safeguards.

"Sling Money's involvement as a design partner underscores the project's focus on real-world applications for global payments," said Didier Lavallée, Founder and CEO of Tetra Digital Group. "These tests highlight the potential for CADD to streamline payments and settlement while preserving the safeguards that underpin Canada’s financial system."

Expanding beyond its original investors, Tetra is bolstering the CADD design partner program with new participants, including Sling Money alongside Aquanow, Capco, Cybrid, Float Financial, KOHO, Tempo, and WealthONE. These collaborators will help evaluate use cases, from liquidity management to programmable money transfers, ensuring CADD integrates smoothly into Canada's fintech landscape.

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https://tetradg.com/tetra-digital-group-completes-first-smart-contract-deployment-and-initial-partner-testing-for-cadd-ahead-of-q1-launch/