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Tetra Digital Group Completes $10 Million Financing Round with Participation from Urbana Corporation

Summary: According to reports, digital asset infrastructure provider Tetra Digital Group has announced a $10 million financing round with participation from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funds are intended to support the launch of a Canadian dollar-backed stablecoin. Tetra's stablecoin will utilize Tetra Digital Group's institutional-grade custody ...

According to reports, digital asset infrastructure provider Tetra Digital Group has announced a $10 million financing round with participation from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funds are intended to support the launch of a Canadian dollar-backed stablecoin. Tetra's stablecoin will utilize Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio. (Businesswire)

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