New Zealand Firm Launches Stablecoin Backed by NZD
The financial service provider firm based in Auckland, Techemynt announced the launch of cryptocurrency as a stablecoin backed by the New Zealand dollar.
In a report from Techemynt today, the firm announced the launch of a cryptocurrency backed 1:1 by NZD and deployed on the Ethereum blockchain with the help of Blockchain Labs. Techemynt is an officially registered financial firm serving most of the financial watchdog of the country, the Financial Markets Authority.
The firm said it would offer the $NZD stablecoin directly to any customers who want to purchase more than $100,000 NZD worth — approximately $70,000 USD. Crypto users can find the token on New Zealand-based crypto exchange Dassetx, with Techemynt saying it aims to list the stablecoin with more exchanges in the future...