ZAR Coin, a stablecoin platform, has grabbed headway after successfully raising
$7 million in funding, bringing big names like
Dragonfly Capital,
Andreessen Horowitz, and
VanEck Ventures onboard. The round aims to foster the popularity of stablecoins in local stores. The ZAR Coin platform was conceived by the former CEO of SadaPay to provide reliable and stable financial services. Cryptocurrency exchanges like
Bitget and Binance have also integrated
South African Rand (ZAR) deposits and withdrawals, promoting the ease of crypto transactions in the region. News has also surfaced about
South African DeFi Startup, NeoNomad, launching a stablecoin pegged to the South African Rand (ZAR). In another major endorsement for digital assets,
ZAR X, South Africaβs Local Stock Exchange, launched a blockchain system for Unit Trusts, while
NFT marketplace Momint tokenised R18m in Krugerrands. Altify, meanwhile, listed the top performing Memecoins of 2024 for South Africans, setting the stage for increased blockchain adoption.
ZAR Coin News Analytics from Sun, 02 Sep 2012 07:00:00 GMT to Wed, 20 Aug 2025 09:06:00 GMT -
Rating 9
- Innovation 6
- Information 7
- Rumor -3