Solana Launches Canada's First Regulated CAD Stablecoin CADD
Solana (SOL)
Editor:
Eugene Serbin
cryptowisser.com reports that the Solana team announced via X on Wednesday that CADD is now live on the Solana blockchain. This token, issued by Tetra Digital Group, marks the first Canadian-dollar stablecoin from a regulated financial institution. It brings CAD onchain for payments, transfers, treasury and settlement.
Solana is an integrated, open-source blockchain that synchronizes global information at the speed of light. The network focuses on fast transactions and high throughput to encourage mass consumer adoption of blockchain technology. It is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.
While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation. The foundation has its headquarters in Geneva, Switzerland. The Solana protocol is designed to facilitate decentralized app (DApp) creation.
It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain. Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale. SOL is down 2.3% in the last 24 hours and trades at $115.54.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 24 September 2026. Not the outlet's figures.
SOL trades at $114.99, showing a 1-hour buy ratio of 52.5% compared to a 4-hour ratio of 46.1%. This suggests that buying pressure is building in the short term, contrasting with the longer 24-hour view where the buy ratio sits at 45.6%. The 1-hour volume delta is positive at +$392,496, indicating net buying, while the 4-hour delta is negative at -$2,626,850. Over the last 24 hours, the volume delta is -$36,745,939, and the cumulative volume delta (CVD) at the close is -$40,754,423. This indicates that despite recent short-term buying, net selling has dominated the day. Spot volume for the period was $420,981,927 across 1,189,808 trades. Net buying occurred for only 5 of the 24 hours.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.0%, making the current 24-hour ratio of 45.6% 5.4 points lower than the weekly average. Volume has been 1.26 times the average, indicating higher-than-normal activity. Net buying occurred for 5 of the 7 days in the period. The price has increased by 16.6% over the 8-day window. The total volume delta for the 8 days is +$29,067,753. This day is unusual compared to the weekly average due to the lower buy ratio despite higher volume.