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The post South African Firms Launch a Local Currency-Backed Stablecoin appeared on BitcoinEthereumNews.com. A consortium of South African firms has launched ZARThe post South African Firms Launch a Local Currency-Backed Stablecoin appeared on BitcoinEthereumNews.com. A consortium of South African firms has launched ZAR

South African Firms Launch a Local Currency-Backed Stablecoin

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2026/02/05 13:39

1 min read

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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 […]

Source: https://news.bitcoin.com/south-african-firms-launch-a-local-currency-backed-stablecoin/

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