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Home»Markets»South African Firms Launch a Local Currency-Backed Stablecoin
Markets

South African Firms Launch a Local Currency-Backed Stablecoin

February 5, 2026No Comments1 Min Read

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 unveiled ZAR Universal (ZARU), a blockchain-based stablecoin pegged to the South African rand. The partners describe […]

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See also  BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup
African CurrencyBacked Firms Launch Local South Stablecoin

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