Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Canadian Banks and Fintechs Back Regulated Stablecoin
Stablecoins | Sep 8, 2025
Tetra Digital Secures $10M to Launch Canada’s First Regulated Stablecoin With Major Backers
On September 8, the Tetra Digital Group announced that they raised $10 million from some of Canada’s most influential fintech and financial service leaders to launch the country’s first regulated stablecoin. Investors include Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank of Canada, and Shopify. The strategic initiative aims to launch a Canadian dollar stablecoin in early 2026, pending regulatory approval.
See: OSFI Drafting New Framework to Regulate Stablecoin Issuers
Backed 1:1 by reserves held in Canada, the stablecoin will combine regulatory leadership, enhanced security, and domestic sovereignty to position Canadian businesses for success in the global digital economy.
Canada’s Financial Leaders Back Regulated Stablecoin
This represents the first time in Canada that a regulated financial institution has partnered to issue a stablecoin. The initiative brings together a coalition of banks, fintechs, and technology leaders in a homegrown effort to create a trusted Canadian digital payment option. The project aligns with international efforts in other G7 countries and is designed to meet strict Canadian regulatory standards.
Didier Lavallée, CEO of Tetra Digital Group:
“Today marks a pivotal moment for Canadian financial innovation. By bringing together many of Canada’s most trusted financial institutions and companies, we’re not just launching a stablecoin – we’re supporting homegrown solutions, built by Canadians, for Canadians and ensuring we maintain economic sovereignty.”
See: The Diverging Paths of CBDCs, Privacy, and Global Payments
Blair Wiley, Chief Legal Officer at Wealthsimple
“Tetra has sparked nationwide enthusiasm across century-old institutions, tech leaders, traditional financial services and those at the forefront of financial innovation. The depth of experience at the table will create a truly Canadian stablecoin solution that will open up new opportunities for businesses, consumers and homegrown talent.”
Jean Amiouny, CEO of Shakepay:
“At Shakepay, we’ve always believed in building trusted financial infrastructure that gives Canadians more choice in how they move, hold, and grow their money. This partnership reflects our commitment to pioneering technology that expands access to modern financial tools and doing so with the regulatory safeguards and user trust Canadians expect.”
How a Canadian Stablecoin Could Benefit Businesses and Consumers
With trusted issuance and custody of the stablecoin from Tetra Trust and digital tools from Tetra Unity, the group is building a complete system for digital assets. Tetra Unity is the company’s platform that helps connect and manage different digital asset services, making it easier for businesses to use these tools in one place. Combined they create a safe and compliant foundation that also gives Canadian companies the room to test new ideas, build services, and compete in the global economy with confidence.
See: Crypto Enters the Core of Canadian Payments
For businesses, a Canadian stablecoin could reduce payment processing costs, speed up settlement times, and simplify cross border transactions. Companies that move money frequently whether for payroll, supplier payments, or customer refunds would gain a faster, lower friction option pinned to the Canadian dollar.
Consumers will also benefit from cheaper and more efficient remittances, as well as more flexible ways to pay and receive funds.
In Conclusion
If approved, the Canadian stablecoin will be a huge boon for the country's digital economy, positioning itself along side other G7 countries advancing regulated stablecoin frameworks and would boost Canadian businesses participating in global commerce. Wonderful to see collaboration between both established banks and leading fintechs in a project that requires consensus on the future of digital payments.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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