Tetra Trust Launches CADD, Canada's First Regulated CAD Stablecoin
- First CAD Stablecoin: Tetra Trust has launched CADD, the first regulated CAD stablecoin in Canada, approved by the Alberta Treasury Board, marking a significant advancement in the Canadian digital asset ecosystem.
- Institutional Use Focus: CADD targets institutional workflows aiming for 24/7 cross-border settlements and real-time corporate treasury operations, enhancing settlement efficiency by replacing legacy batch processing payment infrastructure.
- Significant Market Potential: Canada processes approximately $424 billion daily through traditional payment systems, and the introduction of CADD could reduce reliance on USD liquidity, facilitating the adoption of local currency stablecoins for domestic settlement needs.
- Evolving Competitive Landscape: While the Canadian stablecoin market remains limited, Tetra Trust's position as the first regulated digital asset custodian, along with partnerships with established fintech firms, may drive early institutional adoption and enhance market competitiveness.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0283 | 0.0302 | 0.0318 | 0.0337 | 0.0353 | 0.0372 | 0.0388 |
| Fibonacci | 0.0302 | 0.0315 | 0.0324 | 0.0337 | 0.035 | 0.0359 | 0.0372 |
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