Namibia Digital Dollar (NADD) is Namibia's first blockchain-native stablecoin, backed by hybrid reserves and built on BEP-20 for secure, fast global payments.
News
October 21, 2025
Press Release
Namibia Launches the Namibia Digital Dollar (NADD), a 1:1 Namibian Dollar-Pegged Blockchain Stablecoin on BNB Smart Chain Mainnet
Why NADD?
Namibia Digital Dollar (NADD) is Namibia's first blockchain-native stablecoin, pegged 1:1 to the Namibian Dollar (NAD) and backed by hybrid on-ledger and fiat reserves. Built on BEP-20 with role-based smart contracts and EIP-712 authorization, NADD enables secure, instant digital payments and lays the foundation for regulated digital finance in Namibia. Explore the White Paper
Blockchain
The Blockchain technology is a decentralized digital ledger that securely records transactions across a global network — making financial systems transparent, tamper-proof, and accessible in real time. As a native blockchain token, NADD is issued and transacted directly on-chain. This ensures every NADD transaction is verifiable, traceable, and fully aligned with the standards of next-generation digital finance.
Solutions
NADD is designed for full interoperability across Namibia's financial and telecom ecosystems — from traditional banks and mobile money platforms (like eWallet, EasyWallet, BlueWallet, etc.) to electricity vending and all other digital service providers. This integration framework enables secure, instant, and inclusive digital payments, even for users without smartphones, through USSD and custodial wallet support. It establishes how NADD can work seamlessly with Namibia's existing payment rails to expand financial inclusion and modernize the national payments system. Read more >>
Who Uses NADD?
- Everyday citizens – People who want a safer, faster, and cheaper way to send, receive, or store money digitally without relying on cash or traditional banks — no more waiting for 1-3 working days for the money to reflect in your bank account.
- Businesses and merchants – Companies accepting NADD for payments, payroll, or cross-border transactions to reduce fees and settlement delays.
- Government agencies – Public institutions using NADD for efficient disbursements, tax collection, and transparent digital service payments.
- Banks and financial institutions – Entities integrating NADD to modernize services, offer digital wallets, and improve liquidity and settlement efficiency.
- International investors and partners – Those who want to participate in Namibia’s digital economy with a regulated, stable, and fully reserve-backed currency.
How It Works
NADD is a digital version of the Namibian Dollar, fully backed by real money held in banks and verified digital assets on the blockchain. This system is called a hybrid reserve model — it combines the safety of banks with the speed and transparency of blockchain technology.
Core Principles
- 1:1 Backing: For every single NADD in circulation, there is one real Namibian Dollar (NAD) held safely in reserve — either in a bank or securely stored on the blockchain.
- Hybrid Reserves: NADD uses both bank reserves (real NAD kept in trusted Namibian custodian banks) and on-chain reserves (digital records that anyone can verify online).
- Transparency: All reserves are checked and verified by licensed partners and can be viewed publicly, ensuring that every token is properly backed.
Step-by-Step
- Deposit or Buy: You can buy NADD through an authorized exchange or deposit your Namibian Dollars at a partner bank.
- Real-Time Verification: The bank or custodian confirms your deposit instantly, and the blockchain system receives a verified record.
- Minting: The system automatically creates (or "mints") the same amount of NADD in your wallet — in real time.
- Use NADD: You can send, receive, or spend NADD instantly anywhere — faster, safer, and less costly than traditional transfers.
- Redeem Anytime: If you want to cash your NADD, simply return (or "burn") your NADD at an authorized exchange or partner bank, and the same amount of NAD is instantly released to your bank account.
Safety and Trust
- Always Backed: The system never allows more NADD to exist than the amount of NAD held in reserves.
- Regular Checks: Independent auditors verify the balances to make sure everything matches correctly.
- Secure Technology: Every step — from deposits to withdrawals — happens in real time through automated smart contracts that are safe, fast, and transparent.
Summary
When you buy NADD, your Namibian Dollars are exchanged for an equal amount of NADD tokens. When you sell NADD, the system instantly converts your tokens back into Namibian Dollars. You can also pair NADD with other popular stablecoins such as USDT, BUSD, USDC, or EURT for global transfers or trading.
All these processes happen in real time, making transactions faster, safer, and more transparent than traditional banking. This means NADD is not only faster and safer, but also completely transparent. Every transaction, reserve, and supply can be verified online, making it the most trusted way to move money in Namibia's growing digital economy and beyond.
Transparency
NADD employs a hybrid reserve model combining on-ledger reserves and fiat reserves to ensure full backing of the stablecoin and maintain its 1:1 peg with the Namibian Dollar (NAD). NADD is engineered for secure, transparent, and compliant digital currency operations, with a framework that supports custodian banking, proof-of-reserves verification, and integration with local and regional banking infrastructure. For full details, methodology, and operational guidelines. The reserves match or exceed the amount required to redeem all NADD tokens in circulation at any given time, see the complete Reserve Model.
Regulations
The NADD Governance Charter establishes the framework for the issuance, operation, compliance, and reserve management of NADD. It sets out principles of transparency, accountability, peg stability, and alignment with Bank of Namibia standards. Read the full NADD Governance Charter.
Buy NADD
NADD will soon be available for public trading on regulated centralized exchanges (CEXs). Once listed, verified users will be able to buy, sell, and hold NADD just like any other digital asset. Each NADD token is pegged 1:1 to the Namibian Dollar (NAD) and backed by hybrid reserves, ensuring full transparency, stability, and trust in every transaction.
Coming Soon: You'll be able to buy NADD directly from our authorized exchange partner — enabling fast, secure, and low-cost access to the future of digital money in Namibia. Stay tuned for updates on our official listing date and exchange link here.
Add NADD
Add NADD to your BEP-20 wallet today and experience seamless digital payments, transfers, and merchant transactions across Namibia and beyond. Follow these simple steps to add NADD to your BEP-20 compatible wallet:
🪙 Step 1: Download a Wallet
Download and install any BEP-20 compatible wallet, such as: MetaMask, Trust Wallet, etc.
🔗 Step 2: Switch Network
Once logged in your wallet, change (if not already changed) your network to: BNB Smart Chain Mainnet
➕ Step 3: Add NADD Token
- Go to "Add Tokens".
- Select "Custom Token".
- Enter the following details:
- Select Network: BNB Smart Chain Mainnet
- Token Contract Address:
0x0a8f5C56049166b535E698a222d7387b48b7A29E - Token Symbol: NADD
- Decimals: 18
- Click "Add" or "Import" to finish.
✅ Done! You can now view and transact with NADD directly from your wallet. For more information, check out our Github Repository.
NADD ATMs
To support mass adoption, NADD plans to deploy a nationwide network of Blockchain-Connected NADD ATMs. These are physical cash-in/cash-out (CICO) machines that connect directly to the NADD smart contract on-chain, allowing users to seamlessly convert between physical Namibian Dollars (cash) and NADD digital tokens in real time. See the complete NADD ATM Plan.
Company
Launched by Simon Kapenda in October 2025, the Namibia Digital Dollar (NADD) is a flagship brand of NADD Labs Ltd., a privately held company spun off from Abba Payments (Namibia) (Pty) Ltd, based in Oshakati and registered under the laws of the Republic of Namibia (Company Registration No. 2023/0770). NADD Labs Ltd serves as the official development, governance, and commercialization entity for NADD. Learn more >>
Leadership
NADD Labs Ltd. operates as a subsidiary of Abba Payments Namibia (Pty) Ltd., with its own executive management and governance framework. This ensures operational autonomy, transparency, and accountability in the issuance, management, and growth of NADD. See the complete Management Structure.
Investors
Be a part of Namibia's great digital financial revolution — where technology meets trust. By investing in NADD, you're supporting a secure, transparent, and inclusive financial ecosystem that empowers individuals, businesses, and institutions to transact instantly across Namibia and beyond. Get started here!
Contract Address (Verified):
0x0a8f5C56049166b535E698a222d7387b48b7A29E
Documentation & Codebase:
https://github.com/abba-platforms/NADD
Contact Us
NADD Labs Ltd.
c/o Abba Payments
Oshakati, Namibia
General Inquiries
Email: info@nadd.io
Customer Service
Email: customers@nadd.io
Technical Support
Email: support@nadd.io
Partners
Email: partners@nadd.io
Security Issues
Email: security@nadd.io
Fraud Alerts
Email: fraud@nadd.io
Press Inquiries
Email: press@nadd.io