CAD Digital Inc., part of Tetra Digital Group and the company behind the Canadian-dollar stablecoin CADD, has announced the appointment of Carolyn A. Wilkins as Advisor to the CAD Digital Board.

"Canada has an opportunity to build sound digital payment infrastructure that reflects the strength and stability of its financial system while responding to how money and payments are evolving," Wilkins said. "I look forward to working with the CAD Digital Board and contributing my perspective as CADD develops."

Wilkins brings more than two decades of experience spanning central banking, financial regulation and economic policy. From 2014 to 2020, she served as Senior Deputy Governor of the Bank of Canada, where she shared responsibility for monetary policy and financial system stability. She also represented the Bank internationally, including as its G7 and G20 Deputy and as a member of the Financial Stability Board. She currently serves as an external member of the Bank of England's Financial Policy Committee and is a Visiting Senior Policy Scholar at Princeton University's Griswold Center for Economic Policy Studies.

The appointment adds a senior policy and regulatory perspective to CADD at a time when stablecoins are drawing closer scrutiny from financial institutions and policymakers in Canada and abroad. As digital payment systems continue to evolve, the experience of a former central bank executive may be relevant to how new products are discussed in the context of financial stability, consumer use and market infrastructure.

Commenting on the appointment, Blair Wiley, Chief Legal Officer at Wealthsimple and a Director of CAD Digital, said: "Carolyn brings a deep understanding of financial systems, regulation and the future of money and payments. Stablecoins are becoming a critical part of the Canadian and global financial system. Her perspective will be valuable as CAD Digital builds digital payment infrastructure that supports Canadian consumers and businesses."

Tom Caldwell, Chairman of Urbana Corporation and a Director of CAD Digital, added: "Building new financial infrastructure requires both a clear vision for where the market is going and a deep understanding of the financial system it serves. Carolyn brings that perspective to CAD Digital, and we are pleased to have her experience contribute to the continued development of CADD."

Wealthsimple and Urbana are among the Canadian companies supporting the development of CADD.

Wilkins' appointment follows the launch of CADD, Canada's first Canadian-dollar stablecoin issued by a regulated financial institution.