Super Money SA Launches South Africa’s First Bank-Backed Rand Stablecoin
Super Money SA (Pty) Ltd announced the launch of ZARsc, a new stablecoin purpose-built for South Africa and the wider African market.
ZARsc combines the speed and accessibility of blockchain technology with the trust and oversight of regulated finance. Licensed by the Financial Sector Conduct Authority (FSCA) and fully backed by rand reserves held in segregated accounts at ABSA Group Ltd, a Tier 1 South African bank, ZARsc allows users to hold, send, and redeem digital rands instantly and securely.
Warren Ross, Managing Director of Super Money SA says: “ZARsc is designed to bring the power of digital money and blockchain into everyday South African life. Whether you’re paying for groceries, sending money to family, or running a small business, it’s fast, secure, and always backed by the rand. We’re making stablecoins simple, useful, and accessible, because we believe financial freedom should be for everyone.”
By introducing ZARsc, Super Money aims to expand South Africa’s digital economy and position the rand as part of a growing global movement toward stable, interoperable digital currencies. Across Africa, stablecoin transaction volumes are already estimated at over USD 100 billion, reflecting rising demand for low-cost, borderless, and transparent payment solutions.
ZARsc will initially be tradeable on Luno, a leading regulated cryptocurrency exchange with operations across Africa and Asia, and upon the launch of the digital wallet, will be accepted by a growing network of merchants and fintech partners for payments, remittances, and top-ups. Additional exchange listings are planned as adoption grows.
Technology and compliance
ZARsc will be deployed on the Solana blockchain, using the Fireblocks Tokenization Engine to mint, burn, and manage the entire smart contract lifecycle, with Fireblocks wallet infrastructure ensuring secure custody and storage of the stablecoin.
Chainalysis Sentinel will monitor the ZARsc ecosystem for compliance, helping Super Money SA maintain robust risk policies and a safe environment for users.
