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Record sog_st_cadc

CADCCADC

Also recorded as CAD Coin, Canadian Dollar Coin

Active

Lifecycle: Active
Issuance: Restricted
Reference target: Unknown reference target
Primary organization: Loon Technology Inc.No additional recorded relationship
Launch: Not yet recorded
Redemption: Eligible Customers Only
Backing: Unknown
Stabilization: Issuer redemption
Last review: 2026-07-09
Evidence: 5 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Active Canadian-dollar stablecoin issued by Loon. CADC is backed 1:1 by Canadian-dollar reserves held in segregated accounts at ATB Financial, independently attested monthly, and available across Ethereum, Base, Polygon, Arbitrum, and Solana.

Name	CADC
Symbol	CADC
Aliases	CAD Coin, Canadian Dollar Coin
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_cadc`
Route slug	`loon-cadc`
Record confidence	High
Last reviewed	2026-07-09

Name: CADC
Symbol: CADC
Aliases: CAD Coin, Canadian Dollar Coin
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_cadc
Route slug: loon-cadc
Record confidence: High
Last reviewed: 2026-07-09

Record coverage

Section	Entries
Organizations	1
Sources	5
Reserve reports	1
Reserve components	1
Model-history events	1
Regulatory notes	0
Deployments	5
Issuer-control actions	0
Open questions	3
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Loon Technology Inc.
Primary display role: Legal issuer
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 5 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 5 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Loon Technology Inc.	Company or corporate group	Not recorded in canonical data	Canada	Legal issuer	Primary display	2025-10-27	Not yet recorded	Active relationship

Company or corporate group

Loon Technology Inc.

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Not recorded in canonical data
Jurisdiction: Canada
From: 2025-10-27
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: Unknown reference target
Reference kind: Fiat
Comparison category: Unknown reference category
Target value: 1
Reference methodology: CADC targets 1 CADC to 1 Canadian dollar. Direct issuer minting and redemption require Loon signup and verification, while wallet holding and transfer are permissionless.
Public backing model: Unknown
Canonical backing types: Cash, Bank Deposits
Reserve component categories: Cash
Primary stabilization mechanism: Issuer redemption
Recorded model description: Fiat Reserve Backed
Redemption / exit model: Eligible Customers Only
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Active Canadian-dollar stablecoin with current 1:1 reserve backing, monthly attestation, direct verified-user redemption, and five-network availability.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Canadian-dollar cash reserves held in a segregated account at ATB FinancialCash · 100% · Loon describes CADC reserves as Canadian dollars held in a segregated cash account at ATB Financial. ATB is named as custodian context without creating a separate organization record in this growth PR.

Reserve profile

Disclosure status	Monthly Independent Attestations Current
Backing types	Cash, Bank Deposits
Summary	Loon states CADC is backed 1:1 by Canadian dollars held in a segregated cash account at ATB Financial and publishes monthly third-party attestations of reserve coverage.
As of	2026-07-09
Profile confidence	High

Disclosure status: Monthly Independent Attestations Current
Backing types: Cash, Bank Deposits
Summary: Loon states CADC is backed 1:1 by Canadian dollars held in a segregated cash account at ATB Financial and publishes monthly third-party attestations of reserve coverage.
As of: 2026-07-09
Profile confidence: High

Redemption profile

Current status	Eligible Customers Only
Settlement asset	CAD
Eligible parties	Users who sign up with Loon and complete verification; business and institutional partners may apply for onboarding.
Retail access	Verified Loon Users
Institutional access	Business and Institutional Partner Onboarding
Minimum amount	No universal minimum is asserted in the reviewed public sources.
Fee	Current public pages reviewed here do not establish a universal redemption fee schedule.
Settlement time	Loon describes instant or rapid settlement once fiat funds arrive, but no universal redemption SLA is asserted here.
Regional limits	Loon signup and identity verification apply for direct minting and redemption., Compliance and service-availability restrictions apply.

Current status: Eligible Customers Only
Settlement asset: CAD
Eligible parties: Users who sign up with Loon and complete verification; business and institutional partners may apply for onboarding.
Retail access: Verified Loon Users
Institutional access: Business and Institutional Partner Onboarding
Minimum amount: No universal minimum is asserted in the reviewed public sources.
Fee: Current public pages reviewed here do not establish a universal redemption fee schedule.
Settlement time: Loon describes instant or rapid settlement once fiat funds arrive, but no universal redemption SLA is asserted here.
Regional limits: Loon signup and identity verification apply for direct minting and redemption., Compliance and service-availability restrictions apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Loon	Current Reserve Dashboard and Monthly Attestation Program	Cash, Bank Deposits	High

Loon

Not yet recorded

Type: Current Reserve Dashboard and Monthly Attestation Program
Assets covered: Cash, Bank Deposits
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Notes
Ethereum	Specific network recorded	ERC-20	Issuer- or institution-supported deployment	Issuer Native Token	Active	Active	No separate change state recorded	Issuer-native deployment	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	0xcadc0acd4b445166f12d2c07eac6e2544fbe2eef	Not yet recorded	Not yet recorded	Loon identifies Ethereum as the native CADC issuance network and publishes this exact identifier.
Base	Specific network recorded	ERC-20	Cross-chain or bridged representation	Bridge Representation	Active	Active	No separate change state recorded	Canonical bridge representation	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	0x043eb4b75d0805c43d7c834902e335621983cf03	Not yet recorded	Not yet recorded	Loon lists Base as a bridged CADC deployment and publishes this exact identifier.
Polygon	Specific network recorded	ERC-20	Cross-chain or bridged representation	Bridge Representation	Active	Active	No separate change state recorded	Canonical bridge representation	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	0x9de41aff9f55219d5bf4359f167d1d0c772a396d	Not yet recorded	Not yet recorded	Loon lists Polygon as a bridged CADC deployment and publishes this exact identifier.
Arbitrum	Specific network recorded	ERC-20	Cross-chain or bridged representation	Bridge Representation	Active	Active	No separate change state recorded	Canonical bridge representation	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	0x2b28E826b55e399F4d4699b85f68666AC51e6f70	Not yet recorded	Not yet recorded	Loon lists Arbitrum as a bridged CADC deployment and publishes this exact identifier.
Solana	Specific network recorded	SPL	Cross-chain or bridged representation	Bridge Representation	Active	Active	No separate change state recorded	Canonical bridge representation	Canonicality recorded	Identifier recorded; verification not recorded	Identifier recorded	9ewjJpmD1ES83RDRFnHs7V2hUdH76WAVjdvu6UV6WNo7	Not yet recorded	Not yet recorded	Loon lists Solana as a bridged CADC deployment and publishes this exact mint identifier.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

5 source identities · 5 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
CADC \| Canada's Regulated CAD Stablecoin \| Loon Published Not yet recorded	Loon	Official documentation or product page Canonical: Official Website	Subject-controlled source	Primary source	Identity, Issuer, Current Product, Backing, Reserve, Redemption, Deployment Networks, Current Cadc Identity Issuer Backing Redemption Networks and Access	Archive index or wildcard	High
CADC Reserve Transparency & Attestations Published Not yet recorded	Loon	Reserve, assurance, or financial report Canonical: Reserve Transparency Page	Subject-controlled source	Primary source	Reserve, Custody, Attestation, Backing, Current Reserve Ratio Atb Financial Custody and Monthly Attestations	Archive index or wildcard	High
Access CADC Published Not yet recorded	Loon	Official documentation or product page Canonical: Official Product Page	Subject-controlled source	Primary source	Redemption, Minting, Network, Contract Address, Canonicality, Direct Mint Redeem Access Native and Bridged Networks and Exact Identifiers	Archive index or wildcard	High
Meet CADC Published 2026-01-28	Loon	Official statement or announcement Canonical: Official Blog	Subject-controlled source	Primary source	Issuer, Backing, History, Contract Address, Current Issuer Identity Backing History and Exact Evm Identifiers	Archive index or wildcard	High
Loon Raises $3 Million to Build Canada's Regulated Digital Dollar; Acquires CADC Stablecoin Published 2025-10-27	Loon via PR Newswire	Official statement or announcement Canonical: Official Statement	Subject-controlled source	Primary source	Ownership, Issuer Transition, Launch Year, History, Cadc Acquisition Paytrie Origin 2021 Year and Loon Issuer Transition	Archive index or wildcard	High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Launch Date	Loon states that CADC has circulated since 2021 and identifies PayTrie as the original issuer, but the reviewed primary source set does not establish the exact original first issuance or public availability day.	Unknown after review	Medium	2026-07-09
Issuer Structure	Loon's 2025 acquisition and assumption of issuer responsibility are established, but the complete historical legal-entity allocation of CADC issuer obligations during the PayTrie era is not fully reconstructed in the reviewed primary source set.	Unknown after review	Medium	2026-07-09
Deployment Lineage	Loon publishes exact CADC identifiers on five networks and states Ethereum is native while Base, Polygon, Arbitrum, and Solana are bridged, but the reviewed public source set does not identify the bridge operator and complete historical bridge lineage for every network.	Unknown after review	Medium	2026-07-09

Launch Date

Loon states that CADC has circulated since 2021 and identifies PayTrie as the original issuer, but the reviewed primary source set does not establish the exact original first issuance or public availability day.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-07-09

Issuer Structure

Loon's 2025 acquisition and assumption of issuer responsibility are established, but the complete historical legal-entity allocation of CADC issuer obligations during the PayTrie era is not fully reconstructed in the reviewed primary source set.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-07-09

Deployment Lineage

Loon publishes exact CADC identifiers on five networks and states Ethereum is native while Base, Polygon, Arbitrum, and Solana are bridged, but the reviewed public source set does not identify the bridge operator and complete historical bridge lineage for every network.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-07-09

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2025-10-27Loon acquires CADC and assumes issuer responsibilityMigration

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2025-10-27	Loon acquires CADC and assumes issuer responsibility	Migration and rebrand	Issuer Transition	Remained active	Not applicable

Related records and corrections

Corrections and further reading

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