The sixth largest commercial bank in Canada, The National Bank of Canada, has invested the launch of Tetra Digital Group Stablecoin tied to the Canadian dollar.

Investments in Tetra Digital were the first investments in the crypto project by the Big six bank. Previously to the project of the launch of Canadian stablecoin joined Fintekh companies Urbana, Shakepay, ATB Financial, Purpose, Wealthsimple and Shopify. The name of the new digital asset and the share of the participation of institutional investors in Tetra Digital are not yet specified.

According to the CEO of Tetra Digital, Didier Lavallee, the launch of Stabelcoin tied to the Canadian dollar is scheduled for the first half of 2026 – as soon as the rules of issue and turnover will be approved by the Treasury Council of Albert’s province. The legislative framework for launching stablecoins in Canada is still being formed, this may affect the final terms of the project, the head of Tetra Digital added.

The Central Bank of Canada (BOC) does not support the release of private stablecoins directly, but Recognizes Their potential as an innovative tool for payments. The Central Bank believes that stablecoins can become attractive if they are convertible into Canada’s fiat currency, as well as well regulated.

At the beginning of the year, the Center for the Analysis of Financial Operations and Reports of Canada (Fintrac) announced his intention to strengthen monitoring and analysis of cryptocurrency transactions to counteract the laundering of illegal income.