SKN | Shopify, National Bank Back New Stablecoin for 24/7 Global Settlement

Key Points

• Shopify and National Bank of Canada are backing a new institutional stablecoin called CADD.
• The digital currency is designed for 24/7 cross-border settlement and real-time treasury operations.
• The initiative aims to replace slow, batch-based financial systems with instant blockchain-based transfers.
• The project reflects growing institutional demand for programmable, always-on payment infrastructure.
  

Shopify and National Bank of Canada are among the key backers of a new digital currency initiative led by Tetra Trust.

The project introduces CADD, a stablecoin designed specifically for institutional use cases, signaling continued expansion of traditional finance into blockchain-based settlement systems.

Built for Real-Time Financial Operations

Unlike retail-focused stablecoins, CADD is engineered for enterprise-grade financial activity. Its primary use cases include cross-border payments, corporate treasury management and direct fintech transfers — all operating on a 24/7 basis.

This represents a major shift from legacy financial infrastructure, where transactions are often processed in delayed batches and restricted by banking hours. By leveraging blockchain rails, CADD enables near-instant settlement regardless of geography or time zone.

Replacing Legacy Batch Systems

Traditional payment systems rely heavily on intermediaries and clearing processes that introduce delays, costs and operational friction.

CADD aims to eliminate these inefficiencies by offering real-time settlement, allowing institutions to move funds instantly while maintaining transparency and control. This could significantly improve liquidity management for businesses and financial institutions alike.

Growing Demand for Always-On Finance

The launch reflects a broader trend: institutions are increasingly demanding continuous, programmable financial infrastructure.

As global commerce becomes more digital and interconnected, the limitations of traditional banking systems are becoming more apparent. Stablecoins like CADD are emerging as a solution, bridging the gap between blockchain technology and real-world financial operations.

Stablecoins Move Deeper Into Institutional Finance

The involvement of major players highlights how stablecoins are evolving beyond crypto trading into core financial infrastructure.

With use cases expanding into settlement, collateral and treasury management, stablecoins are positioning themselves as a foundational layer for the next generation of global finance — one that operates faster, more efficiently and without the constraints of traditional systems.