Profile
CADC profile facts
CAD Coin (CADC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Canadian Dollar.
- Collateral
- Canadian-dollar cash held 1:1 in segregated accounts at ATB Financial, in trust for CADC holders
- Peg mechanism
- Direct 1:1 redemption for CAD through Loon (FINTRAC-registered MSB, formerly issued by PayTrie); CADC is burned on redemption and minted on deposit
- Jurisdiction
- Canada / FINTRAC / FINTRAC MSB registration C10001420 (Loon Payments Inc.; registration, not a licence)
- Proof of reserves
- Self-Reported PoR by Monthly scanned ATB Financial bank-confirmation forms for PayTrie AB Inc (the September 2026 form names no requesting accountant, supplies no accountant's opinion, and contains no CADC circulation or liability reconciliation) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
CADC quick answers
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What is CAD Coin (CADC)?
CADC is Loon's centralized Canadian dollar stablecoin, redeemable 1:1 against CAD held in trust at a FINTRAC-regulated Canadian institution. The static profile records its Canadian Dollar peg mechanism as: Direct 1:1 redemption for CAD through Loon (FINTRAC-registered MSB, formerly issued by PayTrie); CADC is burned on redemption and minted on deposit.
Is CADC safe?
As of Oct 25, 2026, Pharos grades CADC C- (52/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs CADC?
Pharos records CADC's reserves as of Sep 30, 2026 as 100% Canadian-dollar cash deposits at ATB Financial. Reserve evidence: Self-Reported PoR, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can CADC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem CADC?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem CADC for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
