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CADC is a tokenized Canadian Dollar stablecoin fully backed by reserved assets, and redeemable on a 1:1 basis for the Canadian dollar. For each CADC minted, we store 1 Canadian Dollar in a dedicated and segregated account with a fully regulated tier-1 Canadian bank. When redeeming CADC to Canadian Dollars, the CADC is burned and removed from the total supply. Mint your first CADC here today.
Mint CADC
The minting platform is available today. Use your PayTrie account to eTransfer or wire Canadian Dollars to PayTrie to mint CADC. Once your money settles, CADC will immediately appear in your wallet.
Redeem CADC
To redeem CADC back to Canadian dollars, simply send CADC to PayTrie’s address. The CADC tokens will be burned, and you will immediately receive an eTransfer.
Trust and Transparency
Each CADC token is backed 1:1 with Canadian Dollars held in PayTrie’s reserves. All the funds are safeguarded in a segregated account with a fully regulated tier-1 Canadian bank. Every month, the Canadian dollar reserves for CADC are attested to by our banking partner. We will publish these reports so that you can be confident that CADC is always redeemable for Canadian dollars.
Technical Bits
CADC is built on Ethereum and follows the ERC-20 token standard, using the same audited open source code as CENTRE’s USDC. This means CADC is compatible and interoperable with the entire DeFi ecosystem.
The CADC token address is 0xcadc0acd4b445166f12d2c07eac6e2544fbe2eef.
About PayTrie
PayTrie AB Inc is a registered MSB (M19690633) with thousands of users and has processed millions in stablecoin purchases.
Get started and mint your first CADC today!
This article is not intended as investment advice or solicitation. This content, including charts, graphs and references to any digital assets are provided for informational and illustrative purposes only, and should not be relied upon as legal, business, investment, or tax advice. Digital asset trading is subject to high market risk. Digital assets, including stablecoins are subject to market fluctuations. You should consult your own advisers on these matters.
