The momentum and velocity of the Techemynt – Jarvis network partnership grows. The 2nzd pool was established as a key cog in the partnership. The 2nzd pool allows for cheap, low slippage swapping between the Jarvis Network’s synthetic New Zealand Dollar Stablecoin jNZD and Techemynt’s, 1-for-1 backed with physical dollars, NZDS.
The TVL on the pool currently sits at 966,551.6 NZD equivalent assets. The pool currently contains 438,593.04 (45.38%) jNZD or 527,958.56 (54.62%) NZDS.
NZDS can easily be swapped for NZD giving it excellent utility as an off-ramp for Kiwis in New Zealand and abroad. jNZD, meanwhile, can easily be traded for other synthetic Forex stablecoins on the Jarvis Platform.