Hold and move dollar-stable value without a US bank account.
Buy USDC, USDT and EURC with CAD or USD at a firm quote, hold them in a wallet the company controls, and sell back to dollars when you need to. Fund in CAD by Interac e-Transfer or wire, or USD by wire; sell to CAD by wire, EFT or Interac e-Transfer, or to USD by wire — same business day for instructions before 12:00 PT. Spread under 1%, no monthly fee, no custody: TokenNest is the regulated on- and off-ramp, not the vault. Tickets of $100,000 CAD and above go to the OTC desk.
A Canadian company that pays or gets paid abroad usually has two bad options: a SWIFT wire at $30–50 plus a 2–4% FX spread and two to five days in transit, or a US bank account it cannot open. A dollar or euro stablecoin is a third: it moves in minutes, costs about $1 in network fees, settles on weekends, and can be spent or converted anywhere the counterparty has a wallet. For CAD-based businesses it is also a simple way to hold a USD or EUR working balance without a foreign bank relationship.
The account is opened in the company's name. We collect incorporation documents, an ownership chart to 25% beneficial owners, ID for directors and signatories, and a bank statement in the company's name; verification runs through Sumsub and every wallet is screened by Chainalysis before funds move. You nominate who may trade and who may approve. KYB takes 3–5 business days, after which a named business-team contact stays with the account.
Paying overseas suppliers, contractors and subsidiaries the same day from a CAD-funded USDC or EURC balance. Receiving stablecoin payments from customers and converting to CAD at month-end. Parking a USD-equivalent float in USDC instead of a US account, then converting back when the exchange rate suits. Settling with marketplaces and platforms that pay out in USDT. Each starts from the same corporate account, and every movement lands in your accounting export with the CAD value at the time.
USDC and USDT on Ethereum, Solana, Tron and Polygon; EURC on Ethereum and Solana. You choose the network when you withdraw, and the fee shown is the network fee only. For routine payouts we recommend Solana, Tron (USDT) or Polygon, where a transfer typically costs under $0.10; Ethereum suits larger treasury movements where counterparties require it. Deposits on the wrong network cannot be recovered, so the address screen shows the network and asset together before you confirm.