Base Launches CADD Stablecoin

Base, the Ethereum layer-2 network, just activated CADD, a new Canadian dollar stablecoin designed to revolutionize payments and foreign exchange in the crypto space. Announced by Jesse Pollak, this launch targets seamless cross-border transactions, tapping into growing demand for stable assets amid volatile Bitcoin and BTC markets. With CADD live, users gain efficient tools for crypto FX trading, potentially driving adoption in Canadian dollar stablecoin ecosystems and enhancing Base blockchain payments.

Zooming into the ETH 4-hour chart, price action holds firm at $2361.85 within a bullish structure, supported by the EMA50 at $2315.05 and EMA200 at $2260.69. The MACD golden cross at 16.74 signals sustained upward momentum, while RSI at 60.3 stays neutral, avoiding overbought territory. Price trades snugly inside Bollinger Bands, eyeing upper resistance at $2374.54 as a breakout level—confluence here suggests bulls defend the lower support at $2273.51, positioning for a push higher if volatility holds.