Greetings subscribers. After a slight delay, the Techemynt times returns for its 3rd issue. It has been a milestone fortnight for the New Zealand Dollar Stablecoin. We are pleased to announce that NZDS’s second independent assurance report, confirming the reserves backing the stablecoin, has been published.
Other highlights of the fortnight include the launch of NZDS’s first borrowing and lending platform on Polygon.
The industry continues to deal with the consequences of a mass deleveraging that led to the collapse of multiple crypto lending, investment and brokerage firms. Despite the hit in confidence, the DeFi ecosystem has taken in the last few months, the position of Techemynt remains strong. While it was always likely that some users would swap out of NZDS positions in favour of fiat – The TVL of NZDS across Techemynt’s various integrations remains stable.