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Urbana Corporation Announces Additional Investment in Tetra Digital Group to Develop and Launch Canada's First Canadian Dollar-backed Stablecoin
TORONTO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana") (TSX and CSE: URB, URB....
About this update from Urbana Corporation
[{"type":"text","content":"Urbana Corporation Announces Additional Investment in Tetra Digital Group to Develop and Launch Canada’s First Canadian Dollar-backed Stablecoin\n\n\n\n TORONTO, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation (\"Urbana\") (TSX and CSE: URB, URB.A) is pleased to announce that it has made an additional investment of $3.5 million in Tetra Digital Group Inc. (“Tetra”), Canada’s leading institutional digital technology and financial services provider, by participating in Tetra’s recent round of equity financing, which closed on September 4, 2025 (the “New Financing”). Urbana holds a majority equity interest in Tetra.\n \n\n Tetra raised a total of $10M in this New Financing. The participants in this New Financing included leading Canadian fintechs and financial services providers, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank and Shopify (collectively, the “Strategic Partners”).\n \n\n Tetra will use part of the proceeds from the New Financing to develop, in partnership with the Strategic Partners, a Canadian Dollar-pegged stablecoin, which will leverage Tetra’s institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency backed 1-for-1 by Canadian dollar reserves.\n \n\n This marks the first time in Canada that a regulated financial institution will work towards issuing a stablecoin. The approach will create a reliable, institutional-grade solution for Canadian dollar payments and remittances at scale, which aligns with the approach taken by other G7 countries and maintains the highest standards of Canadian regulatory compliance and consumer protection.\n \n\n Tetra aims to launch this stablecoin as Canada’s first fiat-backed stablecoin in 2026.\n \n\n “Today marks a pivotal moment for Canadian financial innovation,” said Didier Lavallee, CEO of Tetra Digital Group. “By bringing together many of Canada’s most trusted financial institutions and companies, we are not just launching a stablecoin – we’re supporting homegrown solutions, built by Canadians, for Canadians and ensuring we maintain economic sovereignty.”\n \n\n “Urbana Corporation, as a significant shareholder of Tetra Digital Group, i...