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Rank #40NZDSFiat-Backed
NZDS
Pegged to
NZD
Market Cap
$5.00M
24h Volume
$100.0K
Circulating Supply
5.00M NZDS
Total Supply
5.00M NZDS
Peg Target
NZD
Collateral Type
Fiat-Backed
Issuer
Techemynt
Launch Date
01-03-2022
About NZDS
NZDS is a New Zealand Dollar (NZD)-pegged stablecoin issued by Techemynt, a New Zealand fintech company. Each NZDS token is backed 1:1 by NZD held in trust accounts at licensed New Zealand banks. NZDS provides New Zealand and Pacific Island users with on-chain access to their local currency for DeFi, payments, and cross-border transfers. While small in market cap, NZDS represents the growing trend of regional fiat stablecoins serving specific national markets.
Supported Blockchains
Pros
- Direct NZD on-chain exposure
- Regulated NZ issuer
- Trust account reserve model
- Serves underserved Pacific market
Cons
- Extremely small market cap
- Ethereum-only (high gas fees)
- Very limited adoption
- Minimal DeFi composability
Key Features
NZD 1:1 peg
Trust accounts at NZ banks
ERC-20 on Ethereum
NZ regulatory framework
Cross-border payment capability
Local currency DeFi access
Stablecoin Information
Category
Non-USD FiatCollateral Type
Fiat-BackedIssuer
Techemynt