South African Firms Launch a Local Currency-Backed Stablecoin

A consortium of South African companies has launched ZAR Common (ZARU), a blockchain-based stablecoin pegged to the native foreign money. Transparency and Reserve Administration A consortium of South African monetary and fintech companies—Luno, Sanlam Specialised Asset Administration, Easyequities, and Lesaka—has unveiled ZAR Common (ZARU), a blockchain-based stablecoin pegged to the South African rand. The companions describe […]



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