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South African Firms Launch a Local Currency-Backed Stablecoin


A consortium of South African firms has launched ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the local currency. Transparency and Reserve Management A consortium of South African financial and fintech firms—Luno, Sanlam Specialised Asset Management, Easyequities, and Lesaka—has...

South African Reserve Bank Flags Crypto and Stablecoins as Structural Risk


The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk category, citing a massive surge in local crypto adoption. New Risk Category Established The South African Reserve Bank (SARB) has added crypto assets and stablecoins to a new, monitored risk...

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