Frequently asked question
A collection of answers to some of the most common questions about NZDD.
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 other compatible networks. You can buy and sell NZDD with other partner exchanges, and store them in all Ethereum-compatible wallets such as Metamask, Rabby Wallet, TrustWallet, 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 other tokens on Uniswap and other Ethereum-compatible decentralised exchanges when a liquidity pool is available in them.