CEO Didier Lavallée told BNN Bloomberg that stablecoin growth has “primarily benefited the US market,” leaving Canadians to buy domestic assets through American stablecoins and absorb foreign exchange costs.
CADD targets those users directly, he said — people who want to use “their native currency” rather than converting to US dollars “just for the sake of using stablecoin rails.”
On the audit and compliance side, Lavallée said an external financial auditor will conduct monthly reviews, with results published as public attestations, alongside unannounced random checks.
“The entire institution or vehicle is governed and controlled by a financial regulator as well,” he said.
Despite the momentum, a dedicated federal stablecoin framework does not yet exist.