Breaking-Finance.Com - Registered New Zealand financial services provider Techemynt has launched the first stablecoin pegged to the country's dollar. Backed 1:1 by the New Zealand dollar, the $NZDs is deployed on the Ethereum blockchain by Blockchain Labs, using the FiatToken framework developed by Centre. Techemynt says the $NZDs combines the stability and value of the dollar with the intrinsic utility of cryptocurrency to allow arbitrage, remittance, and digital payments.

. It will also be made available on secondary markets including the cryptocurrency exchange Dassetx.com.Fran Strajnar, executive director, Techemynt, says: "After nearly a year of development, $NZDs is now first to fully execute and deliver on the promise of bringing a New Zealand Dollar stablecoin to the world."

Source = Breaking-Finance.Com

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