Canadian dollar stablecoin developer Tetra Digital Group raises approximately $10 million in funding, with participation from Shopify and others
BlockBeats News, September 8, according to Coindesk, Canadian dollar stablecoin developer Tetra Digital Group has completed a financing round of approximately 10 million USD, with participation from Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Urbana Corporation.
The company plans to launch the stablecoin in early 2026 after obtaining regulatory approval. According to the press release, the token will be issued through the regulated digital asset custody subsidiary Tetra Trust and will be backed 1:1 by Canadian dollar reserves held within Canada.
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