CADC (Canadian Dollar Coin) is a Canadian dollar-backed 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 networks and is intended for payments, settlements, trading, and decentralized finance applications. ^[5]

Overview

CADC (Canadian Dollar Coin) is a Canadian dollar-denominated 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 is intended to operate within Canadian regulatory frameworks. CADC is available across multiple blockchain networks, including Ethereum, Arbitrum, Polygon, and Base, enabling its use in a variety of digital asset and decentralized finance environments. The stablecoin is positioned as infrastructure for digital payments, settlements, and other blockchain-based financial applications involving Canadian dollar-denominated assets. Loon has stated that it operates in compliance with Canadian anti-money laundering requirements through its FINTRAC registration and has engaged with regulators regarding the issuance of the stablecoin. Developed as part of a broader effort to expand Canadian digital asset infrastructure, CADC is intended to provide a regulated, blockchain-based representation of the Canadian dollar for use by individuals, businesses, and institutions participating in on-chain financial systems. ^[1]

Features

CADC is designed as a Canadian dollar-backed stablecoin that combines fiat-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. CADC also supports minting and redemption through integrations with Canadian payment infrastructure, enabling users to move between traditional banking systems and blockchain networks.

The stablecoin is available across multiple blockchain ecosystems, including Ethereum, Arbitrum, Polygon, Base, and Solana, enabling use for payments, transfers, trading, and decentralized finance applications. Integrations with platforms such as PayTrie provide fiat on

• and off-ramp functionality, while liquidity pools on decentralized exchanges 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-based financial services and applications. ^{[3] [4]}

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] 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 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]