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.