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.
Announcing NZDD – a new stablecoin for New Zealand and the world – head over to https://t.co/mHahQC2Jy2 to learn more pic.twitter.com/69yujqLk1g
— 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
zagham abbas
AuthorRELATED STORIES
MORE ON NEWS
Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision
Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]
TOPICS
RELATED STORIES
MORE ON NEWS
Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision
Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]