# CADC > CADC is a Canadian dollar-backed stablecoin by Loon Technology Inc., facilitating payments, settlements, and DeFi applications on Ethereum, Arbitrum, Polygon, B... - Canonical URL: https://iq.wiki/wiki/cadc - Categories: Cryptoassets - Tags: Ethereum, Payments, DeFi, Stablecoin, Solana - Created: 2026-06-10T03:29:17.049Z - Last updated: 2026-06-11T03:28:20.901Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **CADC (Canadian Dollar Coin)** is a Canadian dollar-backed [stablecoin](https://iq.wiki/wiki/stablecoin) issued by Loon Technology Inc. and designed to maintain a 1:1 relationship with the Canadian dollar through reserve-backed issuance. It operates across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks and is intended for payments, settlements, trading, and [decentralized finance](https://iq.wiki/wiki/defi) applications. [\[5\]](#cite-id-k9kKIRWdO4YncBz3) ## Overview CADC (Canadian Dollar Coin) is a Canadian dollar-denominated [stablecoin](https://iq.wiki/wiki/stablecoin) issued by Loon Technology Inc. The digital asset is designed to maintain a 1:1 value relationship with the Canadian dollar and is backed by Canadian dollar reserves held at Canadian banking institutions. Reserves are subject to regular attestations, and the [stablecoin](https://iq.wiki/wiki/stablecoin) is intended to operate within Canadian regulatory frameworks. CADC is available across multiple [blockchain](https://iq.wiki/wiki/blockchain) networks, including [Ethereum](https://iq.wiki/wiki/ethereum), [Arbitrum](https://iq.wiki/wiki/arbitrum), [Polygon](https://iq.wiki/wiki/polygon), and [Base](https://iq.wiki/wiki/base), enabling its use in a variety of [digital asset](https://iq.wiki/wiki/digital-assets) and [decentralized finance](https://iq.wiki/wiki/defi) environments. The [stablecoin](https://iq.wiki/wiki/stablecoin) is positioned as infrastructure for digital payments, settlements, and other [blockchain](https://iq.wiki/wiki/blockchain)-based financial applications involving Canadian dollar-denominated assets. Loon has stated that it operates in compliance with Canadian [anti-money laundering ](https://iq.wiki/wiki/anti-money-laundering-aml)requirements through its FINTRAC registration and has engaged with regulators regarding the issuance of the [stablecoin](https://iq.wiki/wiki/stablecoin). Developed as part of a broader effort to expand Canadian [digital asset](https://iq.wiki/wiki/digital-assets) infrastructure, CADC is intended to provide a regulated, [blockchain](https://iq.wiki/wiki/blockchain)-based representation of the Canadian dollar for use by individuals, businesses, and institutions participating in on-chain financial systems. [\[1\]](#cite-id-22Ks9MN296Nv7gdu) ## Features CADC is designed as a Canadian dollar-backed [stablecoin](https://iq.wiki/wiki/stablecoin) that combines [fiat](https://iq.wiki/wiki/fiat-money)-backed reserves with multi-chain accessibility. Each token is redeemable on a 1:1 basis for Canadian dollars and is supported by reserve holdings maintained with Canadian financial institutions. The issuer publishes periodic reserve attestations intended to provide transparency regarding the assets backing the [stablecoin](https://iq.wiki/wiki/stablecoin). CADC also supports [minting](https://iq.wiki/wiki/minting) and redemption through integrations with Canadian payment infrastructure, enabling users to move between traditional banking systems and [blockchain](https://iq.wiki/wiki/blockchain) networks. The [stablecoin](https://iq.wiki/wiki/stablecoin) is available across multiple [blockchain](https://iq.wiki/wiki/blockchain) ecosystems, including [Ethereum](https://iq.wiki/wiki/ethereum), [Arbitrum](https://iq.wiki/wiki/arbitrum), [Polygon](https://iq.wiki/wiki/polygon), [Base](https://iq.wiki/wiki/base), and [Solana](https://iq.wiki/wiki/solana), enabling use for payments, transfers, trading, and [decentralized finance](https://iq.wiki/wiki/defi) applications. Integrations with platforms such as PayTrie provide [fiat](https://iq.wiki/wiki/fiat-money) on- and off-ramp functionality, while [liquidity pools](https://iq.wiki/wiki/liquidity-pool) on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange) have expanded its availability within on-chain markets. CADC is designed for continuous settlement and transfer capabilities, enabling transactions outside traditional banking hours while maintaining value denominated in Canadian dollars. Its multi-network deployment and interoperability enable users to access Canadian-dollar liquidity across a range of [blockchain](https://iq.wiki/wiki/blockchain)-based financial services and applications. [\[3\]](#cite-id-KE29PiNQZzXQtMhE) [\[4\]](#cite-id-8NXkGLuStbrtzFtQ) ## Funding In October 2025, Loon Technology Inc. raised $3 million CAD in a pre-seed funding round aimed at overseeing and managing the CADC stablecoin. [\[2\]](#cite-id-y3eYR7trTcCboikn) The Calgary-based startup was founded by former employees of Paytrie and is focused on the growth of the CADC stablecoin, which Loon is acquiring. This funding round was led by Vancouver-based Version One Ventures, with additional support from Kitchener-Waterloo's Garage Capital and undisclosed Canadian angel investors. Loon plans to use the raised funds to further develop the CADC product, expand its engineering and compliance teams, and engage with Canadian securities regulators. Loon CEO [Kevin Zhang](https://iq.wiki/wiki/kevin-zhang) has expressed a vision of CADC serving as a "neutral party to all players in the space." The funding marks an important step towards regulatory approval, as Loon has pre-filed a prospectus with the Alberta Securities Commission. The company aims to provide a transparent and auditable digital representation of the Canadian dollar within the blockchain ecosystem. [\[2\]](#cite-id-y3eYR7trTcCboikn)