The New Zealand Financial Services Corporation plans to release a digital version of the New Zealand Dollar “PowerDollar”.

New Zealand financial services firm Power Finance plans to announce digital models of its New Zealand “Power Dollar” next year, using the technology to distribute products, according to the Cointelegraph. However, Power Dollars are not funded by the government and, like USDT, are funded in New Zealand by New Zealand's Internal Revenue Service (IR) through tax. The company is run by former PricewaterhouseCoopers and venture capital partner Dave Corbett and sponsored by companies such as UK investment firm Centrality Ventures.