LOON is excited to announce that CADC, the Canadian Dollar Coin, is now available on the Solana blockchain. This expansion brings fast, low-cost Canadian dollar transactions to one of the most active and high-performance ecosystems in crypto, opening up new possibilities for Canadians who want to move money onchain.

Official Contract Address: 9ewjJpmD1ES83RDRFnHs7V2hUdH76WAVjdvu6UV6WNo7
View on Solscan

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.

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.

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.

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.

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