Market Data & Token Stats
| Fully Diluted Valuation | $1.01M |
|---|---|
| 24H Trading Volume | $139,368 |
| 24H Low / High | $0.7274 / $0.7303 |
| Circulating Supply | 1.38M |
| Total Supply | 1.38M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 13.85% High |
|---|
Key Project Information
| Categories | Stablecoins 7 more |
|---|---|
| Founder | Anonymous |
| Website | paytrie.com |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Etherscan 6 more |
| Contracts |
0xcad....e2eef
4 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
CAD Coin (cadc) Expert User Reviews
Is CAD Coin safe or a scam? Read verified Crypto OG reviews about CAD Coin
$cadc Markets
| Name | Pair | OG Score |
|---|
About CAD Coin
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.
Information in this section carefully collected and curated from publicly available data from official sources, including the CAD Coin Official Website and CAD Coin X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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