Super Money SA (Pty) Ltd announced the launch of ZAR Supercoin, a new stablecoin purpose-built for South Africa and the wider African market.
ZAR Supercoin 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, ZAR Supercoin allows users to hold, send, and redeem digital rands instantly and securely.
Warren Ross, Managing Director of Super Money SA says: “ZAR Supercoin 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 ZAR Supercoin, 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.
ZAR Supercoin 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
ZAR Supercoin 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 ZAR Supercoin ecosystem for compliance, helping Super Money SA maintain robust risk policies and a safe environment for users.