Posted 11/22/2023, 2:20:37 AM
Easy Crypto Launches New Zealand Dollar Stablecoin Backed by Cash Reserves
- New Zealand dollar-pegged stablecoin NZDD launched by Easy Crypto exchange and Australian blockchain firm Labrys
- Backed 11 by cash in trust and regulated by New Zealand Financial Markets Authority
- Initially live on Ethereum, plans to expand to other blockchains
- Easy Crypto launched multicurrency self-custody wallet using social circle for key backup
- New Zealand has taken "agile" approach to crypto regulation per parliamentary report