According to Golden Finance, the New Zealand dollar stablecoin NZDD has been launched on the local cryptocurrency exchange Easy Crypto. NZDD is jointly issued by Easy Crypto and Australian blockchain development company Labrys. Both parties said that NZDD will be backed by custodial cash at a ratio of 1:1 and regulated by the New Zealand Financial Markets Authority.

NZDD was initially launched on the Ethereum mainnet, and plans to expand to multiple platforms such as Polygon, BNB Chain, Arbitrum, Optimism and Base in the future. This move is expected to bring more liquidity to the DeFi market and further promote the development of blockchain technology.