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New Zealand welcomes NZDD stablecoin and multi-crypto wallet

TL;DR

  • Easy Crypto partners with Labrys to unveil NZDD, a stablecoin pegged to the New Zealand dollar.
  • The New Zealand Financial Markets Authority regulates the NZDD for added reliability.
  • The initial availability of NZDD is on the Ethereum blockchain, with future expansion plans.

In a significant advancement for the cryptocurrency market in New Zealand, Easy Crypto, in partnership with Australian blockchain company Labrys, has unveiled the NZDD, a new stablecoin pegged to the New Zealand dollar. This development marks a major step forward in the integration of traditional finance and digital currency in the region.

The NZDD aims to combine the stability and trustworthiness of the New Zealand dollar with the innovative features of blockchain technology. Regulated by the New Zealand Financial Markets Authority, the NZDD is set to offer a dependable option for those interested in digital currencies. Initially, this stablecoin will be available on the Ethereum blockchain, with plans to expand its presence to other chains such as Polygon and Arbitrum.

One wallet for all crypto needs

Accompanying the launch of the NZDD, Easy Crypto also announced a new multicurrency self-custody wallet. This wallet is designed to simplify the management of digital assets, offering users the convenience of storing various cryptocurrencies in one place. It features unlimited sub-wallets and supports multiple blockchains, enhancing user experience with its broad range of supported coins.

Easy Crypto’s co-founder and CEO, Janine Grainger, emphasizes the wallet’s ease of use and robust security. The wallet includes cutting-edge security measures, like multi-party computation (MPC), to aid in the recovery of wallet keys if lost. Additionally, the wallet allows users to import and manage multiple accounts, streamlining the buying and selling of over 50 popular cryptocurrencies.

The introduction of the NZDD and the new wallet is a response to the challenges faced by potential cryptocurrency users in New Zealand. With only 10% of the population currently owning crypto assets, the primary barriers are volatility and complexity. The NZDD aims to address these concerns, offering a stable and user-friendly gateway into the world of digital finance.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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