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Tetra Digital Group completed a $10 million financing round, with participation from Urbana Corporation and others.
Odaily News Tetra Digital Group, a digital asset infrastructure provider, announced a $10 million financing from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funds are intended to support its launch of a Canadian fiat-backed stablecoin. It is reported that the Tetra stablecoin will utilize the institutional-grade custody infrastructure of Tetra Digital Group to provide businesses and consumers with a stable, secure, and fully compliant digital money, supported by Canadian dollar reserves at a 1:1 ratio. (Businesswire)