Article Summary, Automatically Generated By AI
Summary
- CADC is fully backed by a reserve of real CAD in a bank account.
- 1 CADC is redeemable for 1 Canadian dollar.
- CADC smart contract code is forked from Circle’s USDC design.
- Issued by PAYTRIE AB Inc., a licensed Money Services Business (M19690633).
- Regulated by FINTRAC, Canada’s financial intelligence unit.
- CADC can be bought and sold with Interac e-transfers on PayTrie with 24/7 access.
- Numbers and figures: 1, M19690633
Introducing CAD Coin: A New Era in Digital Currency
Each CADC is fully collateralized by a reserve of genuine Canadian dollars held in a bank account, ensuring seamless redeemability on a 1:1 basis for Canadian currency. The CADC smart contract code is meticulously crafted, leveraging Circle’s USDC design as a foundation, to provide a battle-tested standard that guarantees maximum composability on the Ethereum network.
Each CADC is issued by PAYTRIE AB Inc., a fully licensed Money Services Business (M19690633), rigorously regulated by FINTRAC, Canada’s premier financial intelligence unit. You can conveniently buy and sell CADC using Interac e-transfers directly on PayTrie, with uninterrupted 24/7 access.