New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys have recently launched a new stablecoin pegged to the New Zealand Dollar. The stablecoin, called NZDD, will be regulated by the New Zealand Financial Markets Authority.
Benefits of NZDD
According to Janine Grainger, co-founder and CEO of Easy Crypto, the NZDD stablecoin provides a stable entry point for individuals in the digital marketplace. Grainger believes that the NZDD stablecoin offers the trustworthiness of the New Zealand Dollar combined with the advantages of blockchain technology.
“Kiwis need a seamless onramp to crypto.”
– Janine Grainger
Grainger also highlighted that despite the growing interest in cryptocurrencies, only 10% of the New Zealand population owns crypto assets. The main barriers preventing wider adoption are volatility and complexity.
“We’re focused on solving these challenges as digitization grows.”
– Janine Grainger
Key Features of the Multicurrency Self-Custody Wallet
In addition to the stablecoin launch, Easy Crypto and Labrys also introduced a new multicurrency self-custody wallet. This wallet is designed to be a convenient all-in-one solution for managing crypto assets.
The features of the wallet include:
- Unlimited sub-wallets
- Support for multiple blockchains
- A wide range of coins with state-of-the-art security
- Ability to import and manage multiple accounts within the same wallet
- Option to buy and sell assets from over 50 popular cryptocurrencies
- Advanced security and recovery features such as multi-party computation (MPC)
“Managing your crypto shouldn’t be daunting; and you certainly shouldn’t need a collection of different wallets.”
– Janine Grainger
Grainger further explained that the wallet’s multi-party computation feature allows users to recover wallet keys in case of loss.
