Stablecoin platform
Zar recently boosted its market presence by securing $7 million in a round led by significant players – Dragonfly Capital, Andreessen Horowitz, and VanEck Ventures. This development came after the former
SadaPay CEO made known his intentions to launch Zar, an exciting growth for
South Africa's cryptocurrency ecosystem. The national
R20 million coin, dubbed the 'unicorn' coin, drew attention as it reiterates the increasing value of rare South African coins. Yet, Zar isn't the only crypto making waves in South Africa; the
Onyxcoin gained momentum due to predicted
Biance news, and
Bitget recently enabled South African Rand deposits and withdrawals. An increasing international access to
USDC, along with
Bitcoin reaching record highs in African currencies, prompts global interest in cryptocurrencies. It's reported that Krugerrands, part of South Africa's famous collection, is set to be tokenized. As
Binance expands trading opportunities, including meme coins in Africa, and Portolan's currency,
Lesotho Loti, gains recognition, the cryptocurrency market in South Africa becomes broader and more diverse. Yet, regulatory uncertainties persist, prompting continuous debates around crypto regulations in South Africa. Nonetheless, innovations continue, such as
VALR securing a significant $50 million funding in the largest African crypto raise and Binance enabling instant
ZAR deposits. The first Rand Stablecoin,
ZARP, has gone live on the
OVEX Exchange, bringing a new dynamic to the crypto ecosystem.
ZAR Coin News Analytics from Sun, 02 Sep 2012 07:00:00 GMT to Wed, 21 May 2025 14:53:42 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor -3
