CONNECT WITH US
Fintech

Fintech

Rand Stablecoins Gain Checkout Traction on MoneyBadger Network

The Fintech Times logo

Published on

Add as a preferred source on Google
Rand Stablecoins Gain Checkout Traction on MoneyBadger Network

ZARU, issued by BlockTower South Africa under FSCA licence FSP 55172, recorded a monthly checkout value of R1,276,650 in September 2026, up from R484,207 in June. That represents a 2.64-fold increase over four months, with September running 10.6% ahead of August, suggesting the growth curve has not flattened. A cashback campaign run through Luno Pay, and growing workplace adoption perks, appear to have catalysed the initial surge; MoneyBadger’s data indicates momentum continued after those programmes launched.

ZARU was introduced in February 2026 through a consortium structure that includes BlockTower, Luno, EasyEquities, Lesaka and Sanlam Specialised Asset Management. Sanlam manages the underlying rand reserves, held at Standard Bank and Absa. Moore Johannesburg conducts monthly agreed-upon procedures on those reserves, with reports published publicly. That institutional architecture is deliberate: ZARU is positioned as an institutional-grade stablecoin, with qualified clients able to mint and redeem directly through BlockTower’s issuance platform.

ZARsc, issued by Supercoin under FSCA licence FSP 53458 and backed by NYSE-listed Super Group, is at an earlier stage of retail adoption. It recorded R4,408 in MoneyBadger checkout value during September, up 286.9% from August’s low base, and R40,216 cumulatively through 30 September. Supercoin has prioritised exchange listings in its first year, including VALR, Luno, OVEX and the Solana-based Orca. A consumer wallet is planned for early 2027.

The broader MoneyBadger network figures give context. Total payment volume across the network nearly doubled in the first half of 2026 compared with the same period in 2025, while overall rand value grew 176%.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.