Fran Strajnar is the co-founder of Techemynt, the issuer of the NZDS, a New Zealand Dollar (NZD) Stable Coin backed 1:1 with physical New Zealand Dollars in a cash and cash equivalent treasury managed by a New Zealand registered financial services provider.

Guest:

Fran Strajnar

Why you should listen:

NZDS was launched in March 2021 by Techemynt, a registered New Zealand Financial Services provider, using the FiatToken framework developed by Centre that is the basis for USD-Coin (USDC).

New Zealand's currency is a leader in adaptability, resilience, and market trustworthiness. NZD is the 10th most traded currency globally. The NZDS stable coin offers cryptocurrency users the stability and utility of the New Zealand Dollar with the versatility of a cryptocurrency.

The NZDS can be used through a variety of Ethereum wallets including Metamask. Once added to an Ethereum wallet, the NZDS token can be used for making payments and interacting with a variety of applications on the Ethereum blockchain network.

An example of a decentralized application where NZDS can be used is on DFX, a stablecoin exchange, and finance platform. High yield is available for liquidity providers. The NZDS/USDC pool on the Automated Market Maker-based decentralized exchange, DFX, offers liquidity providers APYs of 10-25%. This is impressive given the average rate for 1-5 year term deposits in New Zealand is ~3%. The pool currently has US$4.2 million worth of assets locked into it by the DFX community.

Supporting links:

Techemynt

Andy on Twitter

Brave New Coin on Twitter

Brave New Coin

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