In a major move for New Zealand’s crypto scene, Easy Crypto, with Aussie partner Labrys, introduces NZDD, a stablecoin tied to the local currency, the Kiwi dollar. This signals a fusion of traditional finance and digital currency, giving the region a new financial edge.
— Easy Crypto (@easycrypto) November 21, 2023
The NZDD strives to blend the reliability of the New Zealand dollar with the perks of blockchain tech. It’s overseen by the New Zealand Financial Markets Authority, ensuring a trustworthy option for digital currency enthusiasts. Initially, on Ethereum, the NZDD plans to extend its reach to other platforms like Polygon and Arbitrum.
Furthermore, Easy Crypto has launched an all-in-one self-custody wallet that supports several cryptocurrencies and even the NZDD. It simplifies digital asset management through its unlimited sub-wallet functionality and support for multiple blockchains, which make it highly convenient for anyone who owns cryptocurrencies.
New Solutions for Crypto Challenges in New Zealand
Easy Crypto’s chief executive officer, Jane Grainger, stresses the simple nature of the wallet and stout security that employs MPC for key recovery. The users easily import many accounts, making trading in 50 different types of cryptocurrency smooth.
Furthermore, these additions respond to challenges facing potential crypto users in New Zealand. With only 10% of the population holding crypto assets, volatility and complexity are primary barriers. The NZDD emerges as a solution, providing stability and an easy entry point into digital finance.
Related Reading | Binance Overhaul: Teng Takes Helm as CEO Amid Zhao’s Federal Charges