Every CADC is fully backed by a reserve of real CAD in a bank account, and redeemable on a 1-to-1 basis for Canadian dollars. The CADC smart contract code is forked from Circle's USDC design, implementing a battle-tested standard for maximum composability on Ethereum.

Each CADC is issued by PAYTRIE AB Inc., a fully licensed Money Services Business (M19690633) regulated by FINTRAC, Canada's financial intelligence unit. You can buy and sell CADC with Interac e-transfers directly on PayTrie with 24/7 access.