South Africa’s ZARU Stablecoin Launches to Link Rand with Global Digital Payments

South Africa’s ZARU stablecoin launches to link rand with global digital payments

South Africa has launched ZARU, a rand-backed stablecoin developed with partners including Sanlam (JSE:SLM) and Lesaka Technologies (NASDAQ:LSAK).

Heavyweights backing ZARU, a new rand-based stablecoin

A partnership between four financial institutions has led to the launch of an “institutional-grade” stablecoin pegged to the rand.

Financial institutions launch Rand-backed stablecoin

Luno, Sanlam, EasyEquities and Lesaka launch institutional Rand stablecoin ZARU, to enable real‑time blockchain settlement and global trade.

INTRODUCING | Leading South African Exchange, Luno, Introduces ZARU, an Institutional, Rand-Backed Stablecoin

Zaru Network has officially launched ZAR Universal (ZARU), a new institutional-grade stablecoin pegged 1:1 to the South African Rand (ZAR) in partnership with Luno, a leading South African crypto exchange. Designed to modernise payments and financial infrastructure, ZARU enables both retail and institutional participants to transact at internet speed while strengthening the local financial system. Traditionally, payments, cross-border trade, and…

South Africa’s First Institutional Rand Stablecoin, ZARU, Launches

Johannesburg – Today marks the launch of ZAR Universal (ZARU), a new institutional-grade stablecoin pegged to the value of the South African rand. ZARU is designed to modernise payment and financial infrastructure, enabling both retail and institutional users to transact at the speed of the internet while bolstering the local financial system. The initiative is a powerful collaboration between major South African financial players: A collaborat…