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Canadian Dollar Stablecoin Developer Tetra Digital Group Completes Around $10 Million Financing, with Participation from Shopify and Others

By: theblockbeats.news|2025/09/08 14:42:03

BlockBeats News, September 8th, according to Coindesk, Canadian stablecoin developer Tetra Digital Group has completed a $10 million financing round, with Shopify, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Urbana Corporation participating in this round.

The company plans to launch the stablecoin in early 2026 upon regulatory approval. The press release states that 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 domestically in Canada.

Glassnode: Bitcoin Index Reflects Strong Bearish Market Sentiment, Signaling Institutional Active Hedging Activity

WLD briefly broke $1.48, with a 24-hour price increase of 37%.