New Zealand cryptocurrency trading platform Easy Crypto launches New Zealand dollar stablecoin NZDD

2023-11-22 11:05:46

Collection

ChainCatcher news, according to Cointelegraph, a stablecoin pegged to the New Zealand dollar has officially launched through a partnership with New Zealand's crypto exchange Easy Crypto and Australian blockchain development company Labrys.

Labrys and Easy Crypto stated that NZDD will be backed 1:1 by custodial cash and will be regulated by the New Zealand Financial Markets Authority.

It is reported that the stablecoin initially launched on the Ethereum mainnet, but plans to expand to Polygon, BNB Smart Chain, Arbitrum, Optimism, and Base.

(Source Link)

Related tags

Easy Crypto NZDD

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.