CAD Coin CADC Price

CAD Coin $CADC is a stablecoin designed to represent the Canadian Dollar on the Ethereum blockchain. It is fully backed by reserved assets and offers a 1:1 redemption rate with the Canadian dollar. For every $CADC minted, an equivalent amount of Canadian Dollars is securely stored in a dedicated and segregated account with a fully regulated tier-1 Canadian bank. When $CADC is redeemed for Canadian dollars, the token is burned and removed from the total supply, maintaining its integrity and value.

Key Features of CAD Coin $CADC

Minting and Redemption Process

The minting platform for CAD Coin $CADC is operational. Users can create $CADC by depositing Canadian dollars through eTransfer or wire transfer to PayTrie via their PayTrie account. Once the funds are settled, $CADC appears immediately in the user's wallet.

Redeeming $CADC back to Canadian dollars is seamless—users send $CADC to PayTrie’s address, the tokens are burned, and the equivalent Canadian dollars are transferred through eTransfer.

 

Trust and Transparency

CAD Coin $CADC ensures complete transparency through regular attestations of its reserves. All funds backing $CADC are held in segregated accounts with a regulated tier-1 Canadian bank.

Monthly reports are published to verify that every $CADC in circulation is fully backed by Canadian dollars, enhancing user confidence.

 

Technical Framework

CAD Coin $CADC is built on the Ethereum blockchain and adheres to the ERC-20 token standard.

It uses the same audited open-source code as CENTRE’s USDC, making $CADC compatible with the entire decentralized finance (DeFi) ecosystem.

 

Use Cases of CAD Coin $CADC

CAD Coin $CADC caters to a variety of use cases:

Decentralized Finance (DeFi): With its ERC-20 compatibility, $CADC integrates seamlessly into the DeFi ecosystem, enabling borrowing, lending, and trading.

Instant and Secure Transactions: $CADC facilitates quick and secure cross-border transactions without the need for traditional banking intermediaries.

Canadian Dollar Representation: The stable value of $CADC provides an option for users seeking a digital asset tied directly to the Canadian Dollar.

About PayTrie

PayTrie AB Inc, the entity behind CAD Coin $CADC, is a registered Money Service Business (MSB) with registration number M19690633. With thousands of users and millions in processed stablecoin transactions, PayTrie has established itself as a trusted platform for stablecoin services in Canada.

Conclusion

CAD Coin $CADC bridges the gap between traditional finance and blockchain technology by tokenizing the Canadian Dollar. Its robust framework, backed by segregated accounts in tier-1 Canadian banks, ensures transparency and security. With its adoption of Ethereum’s ERC-20 standard, $CADC is positioned as a reliable and interoperable asset within the growing DeFi space. For anyone looking to leverage the Canadian Dollar in the digital financial ecosystem, CAD Coin $CADC offers an innovative and practical solution.

What is unique about CAD Coin (CADC)?

CAD Coin $CADC is a tokenized stablecoin pegged 1:1 to the Canadian Dollar, fully backed by segregated reserves in a regulated tier-1 Canadian bank.

Who are the founders of CAD Coin (CADC)?

The founders are anonymous.

Where can I buy CAD Coin (CADC)?

You can buy CAD Coin (CADC) on Aerodrome (Base), Komodo Wallet cryptocurrency exchanges.