What is NZDD?
Developed by the same team who built Easy Crypto, NZDD is an NZD-backed stablecoin for use right here in New Zealand and beyond.
Introduction to NZDD stablecoin
What is NZDD exactly, and why is it secure? Check out this intro video for a quick overview.
How does NZDD work?
Each NZDD token is backed 1-to-1 with New Zealand dollars. That means for every NZDD in circulation, dollar cash is stored securely in a local bank.
The process below gives an overview of the intricate accounting system that balances NZDD with NZ dollars, ensuring the token's stability.
An accredited wholesale party requests ECDD Ltd for large-scale minting of NZDD. Once the invoices have been paid, NZDD minting begins immediately, while NZ dollars are locked in a bare trust.
Who should use NZDD?
Individuals and businesses can enjoy a seamless digital payment experience using NZDD. Payments are settled without relying on traditional banking.
Crypto investors and financial institutions can swiftly convert between digital assets and a truly stable local currency. Invest in peace without needing to hold foreign currency-backed stablecoins.
Buying & Selling NZDD
Learn how to buy or sell NZDD through Easy Crypto, and how to send and receive right from your wallet!
First, you’ll need a wallet that supports NZDD. The easiest way is to use the Easy Crypto Wallet which supports NZDD as well as many other crypto assets.
Once you've set up your wallet:
- Copy your receiving address
- Provide the address to the exchange or person you are receiving from
- Once funds have been sent, they will show in your wallet immediately.
NZDD and You
NZDD is a versatile and practical stablecoin whether you are in Aotearoa or anywhere else in the world. Here are some ways you can use it:
Pay for everyday items through partners that offer crypto-backed credit cards in New Zealand.
Trade crypto with DeFi services easily and instantly.
Earn passive income by staking NZDD into liquidity pools.
Why NZDD?
NZDD is a great way to start getting involved in New Zealand's blockchain-based financial world.
Want to send money abroad, purchase everyday items or invest in crypto? NZDD can help you as it is a safe and stable cryptocurrency. It's always 100% backed by NZD held in a New Zealand bank.
Transparent & secure
NZDD maintains transparency by utilising blockchain technology on one of the most secure and decentralised networks to date.
Stability you can trust
Every unit of NZDD token is backed by real NZ dollar held in a New Zealand bank account.
Pay bills and invoices
You can use NZDD in your daily life, such as for paying utility bills and invoices via Billpay thanks to PayitNow.
Fast, safe and instant
Transact and use NZDD fast, safely and seamlessly 365 days a year, 24/7. Send money back home or anywhere in the world easily.
Earn passive Income
You can earn trading fees on Uniswap by adding NZDD to a liquidity pool, while keeping it safe under your custody.
Future scalability
NZDD is designed with scalability and the future in mind to meet the evolving needs of the industry.