A new stablecoin designed for the South African market, backed by rand reserves and licensed by the FSCA.
Rand stablecoin issuers welcome treasury’s crypto rethink
Finance Minister Enoch Godongwana announced a shift in the approach to capital flow management regulations regarding crypto assets. Rand stablecoin issuers, including Zarp and ZAR Supercoin, are pushing for their tokens to be treated as payments rather than capital flows.
Super Money SA Launches South Africa’s First Bank-Backed Rand Stablecoin
Super Money SA announced the launch of ZAR Supercoin, a stablecoin for South Africa and the African market. ZAR Supercoin is licensed by the Financial Sector Conduct Authority (FSCA) and backed by rand reserves at ABSA Group Ltd.
