CAD Coin
CADC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CAD Coin (CADC) is a centralized, Canadian dollar-pegged stablecoin issued by PayTrie AB Inc. across Ethereum and various Layer 2 networks (Base, Arbitrum, Linea, and Polygon). Across all evaluated sections, CADC demonstrates low ecosystem activity, minimal developer and community traction, and substantial transparency gaps. Active development and community support are minimal, with few active social or code updates and under 300 holders onchain. Tokenomics and market presence reflect extreme holder concentration (99.19% held by top addresses), small market capitalization (~$611,000 to $1M), thin liquidity, and an absence of verifiable third-party reserve attestations or independent audits. Security findings highlight centralized upgradeable proxy control and non-renounced admin ownership, creating significant counterparty and custodial reliance on the issuer. However, no protocol-level hacks, rug pulls, or regulatory enforcement actions were identified. The overall score of 3.35 represents the exact weighted average across all six evaluated sections with no missing data gaps.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About CAD Coin (CADC)
CAD Coin (CADC) is a centralized, fiat-backed stablecoin pegged to the Canadian dollar (CAD) and issued by PayTrie AB Inc. Operating as an ERC-20 token on Ethereum, CADC is also deployed across Layer 2 and sidechain networks, including Arbitrum One, Base, Linea, and Polygon PoS. The token's supply expands and contracts according to off-chain fiat deposits and redemptions processed through the issuer, designed to provide onchain Canadian dollar exposure for transactions and settlements.
Onchain adoption and market activity for CADC remain limited. As of evaluation data, the asset maintains a small market capitalization estimated between $611,000 and $1 million, with thin liquidity distributed across its supported networks. The token exhibits low transactional velocity and a minimal holder base of under 300 addresses on Ethereum, operating without a decentralized autonomous organization (DAO) or formalized community governance structure.
CADC presents notable centralization and transparency risks. Smart contract analyses reveal that the contract uses an upgradeable proxy structure with non-renounced administrator privileges, granting the issuer unilateral control over contract logic and operations. Furthermore, the token displays extreme holder concentration, with major holders accounting for approximately 99.19% of the supply. Available sources document no verified independent smart contract audits or published third-party reserve attestations, leaving reserve backing and custodial solvency reliant entirely on the issuer.