Frequently asked question

The NZDD is a stablecoin that is backed 1-to-1 to New Zealand Dollars (NZD). It is issued by ECDD Company Ltd., and all redeemable NZD cash collateral are held in a bare trust at a local bank.

If you're a crypto trader or investor, you can use NZDD rather than USD stablecoins to protect against the volatility of holding foreign currencies.

If you're a local or international business, you can hold a reserve of NZDD to pay your employees quickly and affordably with blockchain technology.

You can also accept NZDD as a crypto payment method, and easily convert them into cash through an exchange, without worrying about volatility.

NZDD is a stablecoin on Ethereum and Polygon (more to come!). You can buy and sell NZDD with our partner exchanges, and store them in all major wallets, such as Metamask, Rabby Wallet, and more.

You can also transfer NZDD to a wallet address and use smart contracts, the same way you could transact with any other stablecoins.

You can swap NZDD with hundreds of other tokens on Uniswap and other Ethereum-compatible decentralised exchanges when a liquidity pool is available in them.

However, at launch, we highly recommend using Uniswap as NZDD will have a deeper liquidity on the platform, ensuring a pleasant swap experience with lower slippage.