Canadian-dollar stablecoin
Canadian dollars,
built for digital markets.
CADNET is a Canadian‑dollar stablecoin built on Solana for transparent, efficient on‑chain settlement.
Transparency
Reserves and supply
CADNET is designed so that production issuance follows verified Canadian‑dollar reserve settlement, and redemption burns CADNET before Canadian‑dollar payout becomes eligible.
Production setup. Recognized reserves come from manual verification of the real custody account. Mainnet issuance remains disabled until acceptance.
Process
How CADNET works
- 01
Canadian dollars are received and verified
Production issuance begins only after the applicable reserve settlement is verified.
- 02
CADNET is issued on Solana
Authorized issuance creates the corresponding amount of CADNET on‑chain.
- 03
CADNET moves on-chain
CADNET uses the classic Solana SPL Token Program with six decimal places.
- 04
CADNET is received for redemption
CADNET submitted for redemption is verified before the burn process proceeds.
- 05
CADNET is burned before fiat release
Canadian‑dollar payout becomes eligible only after the burn has been independently verified.
Redemption
Redeeming CADNET
The production redemption process verifies receipt of CADNET, burns the corresponding tokens, independently verifies the resulting on‑chain state, and only then makes the Canadian‑dollar payout eligible for release.
On-chain reference
Planned CADNET Mainnet mint
- Mint address
3sQMRxFKn2cR7J85z99RXwHqqkyR9eAa1a136PTA3MZC- Program
TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA- Decimals
- 6
- Environment
- Solana Mainnet
Issuer
Standard Software Inc.
CADNET is a product of Standard Software Inc.