Official Contract Address: 9ewjJpmD1ES83RDRFnHs7V2hUdH76WAVjdvu6UV6WNo7
View on Solscan

What is CADC?

CADC is the Canadian Dollar Coin, fully backed and redeemable 1:1 for Canadian dollars (CAD). For every CADC token in circulation, an equivalent amount of Canadian dollars is held in reserve with regulated Canadian financial institutions.

CADC gives Canadians a way to hold and transfer Canadian dollars onchain: instantly, 24/7, and at a fraction of the cost of traditional rails. It's a stable medium of exchange and store of value in a market that has long been dominated by US dollar stablecoins. CADC has already supported real-world use cases ranging from everyday transfers to cross-border remittances, and it's now available across multiple blockchain networks.

We're thrilled to bring CADC to the Solana ecosystem and put a homegrown Canadian dollar asset in the hands of one of crypto's fastest-growing communities.

What is the Solana ecosystem?

Solana is a high-performance blockchain known for its speed and remarkably low transaction costs. It can process thousands of transactions per second, with fees that typically amount to fractions of a cent and near-instant settlement.

That performance has made Solana home to a thriving ecosystem of applications: decentralized exchanges, payment platforms, lending protocols, consumer apps, and more. For a stablecoin like CADC, Solana is a natural fit, as its low fees and fast finality make it ideal for payments, trading, and moving Canadian dollars onchain at scale.

By launching on Solana, CADC plugs directly into this fast-moving ecosystem, where Canadians can use their dollars across a wide range of apps and services built for speed and affordability.

What does this mean for Canadians?

For Canadians, CADC on Solana means a faster, cheaper, and more accessible way to use Canadian dollars onchain. A few of the benefits:

A Canadian dollar that lives natively on Solana, so you're not forced to convert to US-denominated stablecoins to participate in the ecosystem. Transactions that settle in seconds for a fraction of a cent, making CADC practical for payments, transfers, and everyday use. Round-the-clock access — send and receive Canadian dollars anytime, without waiting on banking hours. And the ability to tap into Solana's broad ecosystem of apps while keeping your value denominated in CAD.

Whether you're sending money, trading, or building, CADC on Solana keeps your dollars Canadian and your transactions fast.

How to access CADC on Solana

Starting on day one, you can mint and redeem CADC through our partner Paytrie. CADC can be bought and sold using Interac e-Transfer, giving you a simple, compliant on- and off-ramp between your Canadian bank account and the Solana blockchain.

Looking ahead

This launch is just the beginning. We're looking forward to collaborating with other Canadians building in the Solana ecosystem and to growing a vibrant community around a Canadian dollar that's fast, affordable, and onchain. More partnerships are on the way, making CADC easier to access, trade, and use across the ecosystem.

Welcome to CADC on Solana.

Website: https://loon.finance/
Contact: media@loon.finance

Access CADC on Solana: Get started at paytrie.com

CADC has now surpassed $325 million in total transaction volume, indicating consistent activity across payments, trading, and onchain transfers. This level of utilization points to increasing adoption among users seeking an accessible, Canadian-dollar-backed stablecoin for efficient capital movement.

January Reserve Attestation

Transparency remains a core component of the CADC framework. Each month, we share the most recent reserve attestation. The January 2026 attestation confirmed $1,545,051.96 CAD in treasury, representing a threefold increase compared to January 2025.

Access CADC on Paytrie

On February 2nd, CADC announced its official partnership with Paytrie. The collaboration introduced several structural improvements designed to reduce friction between fiat and digital currency rails. Minting CADC is now zero-fee for a limited time, allowing users to onramp CAD without additional cost. CAD and CADC now operate at a direct 1:1 conversion, and redemptions from CADC to CAD are free for withdrawals exceeding $500 CAD until April 30. These changes support more efficient capital flows and simplify access for both individuals and institutions.

Access CADC Liquidity Pools on Aerodrome

In early February, CADC saw increased volume on Aerodrome, epoch over epoch, expanding its accessibility within decentralized finance. Aerodrome introduced incentives for CADC trading pairs to support liquidity and market participation. The integration broadens the environments in which CADC can be utilized while supporting deeper onchain markets.

Access CADC Liquidity Pools on PancakeSwap

On February 4th, the CADC/USDC pool pushed a campaign on PancakeSwap on Base, further expanding The Canadian Dollar Coin's DeFi footprint. The pool launched with a reward campaign running through February 18th, distributing 1,300 OP at a rate of 3.869 OP per hour, and reached over $72,000 in total value locked with an estimated APR of 30.77%. The integration adds another venue for users to access CADC liquidity onchain.

CADC Stands with Crypto

CADC is participating in national policy efforts through its partnership with Stand With Crypto Canada. Alongside this initiative, CADC supports a petition co-authored by Loon CEO, Kevin Zhang that calls on the Government of Canada to advance clear and timely stablecoin regulation, provide practical guidance for responsible innovators, ensure fair access to banking and payment infrastructure, and engage industry participants in the development of digital asset policy.

As Canada advances initiatives related to open banking and digital payment modernization, regulatory clarity remains an important component towards responsible innovation and maintaining global competitiveness.

Sign to show your support for clearer stablecoin regulation in Canada: Petition

Upcoming Events

Loon is participating in several industry gatherings. Kicking off in early March, CADC will be presented to participants from finance, technology, and digital asset sectors shaping modern financial infrastructure.

Digital Asset Summit | PDAC Stablecoins in Canada with Kevin Zhang, hosted by Web3Toronto March 3rd, 2026 · 9 AM – 5 PM EST · Toronto

Stablecoin Frontiers Non-USD stablecoin issuers with Kevin Zhang, Andrew Mackenzie, and Dave Taylor March 4th, 2026 · 2 PM – 6 PM PST · San Francisco

A Very Stable Conference Sovereign Stablecoins with Kevin Zhang, John Delaney, Bam Azizi March 5th, 2026 · 12 PM – 8 PM PST · San Francisco

Website: https://loon.finance/
Contact: media@loon.finance

About Loon

Made in Canada, Loon Technology Inc. is a Canadian financial technology company dedicated to building a transparent and trusted Canadian-dollar-backed stablecoin, designed to operate under Canadian regulation. In 2025, the company completed a $3 million CAD pre-seed round led by Version One Ventures, with participation from Garage Capital and a group of strategic Canadian angel investors.

As CADC continues to grow under Loon, the mission remains clear: provide a trusted Canadian stablecoin supporting real-world financial use cases, strengthen digital asset infrastructure in Canada, and enable users to participate in an onchain economy with confidence.  

Committed to creating a trusted Canadian stablecoin, CADC was born with an understanding of the need to provide a responsible and regulatory-aligned option for Canadians. Loon continues to uphold regulatory compliance, adhering to FINTRAC obligations and pre-filing a prospectus with the Alberta Securities Commission. More to come.

This blog, the first of many, launches a new series of regular updates, where we’ll share key milestones, progress reports, highlights of the growing stablecoin ecosystem, and how CADC leads the way.

CADC is excited to build with more communities, partners, businesses, and institutions that contribute to the future of digital infrastructure in Canada.

Website: https://loon.finance/
Contact: media@loon.finance