Finance · South Africa
Zaru: SA's New Stablecoin Backed by Rand Introduced
Moneyweb · 2026/02/04
Summary
Zaru is South Africa's newest stablecoin, which is pegged to the South African rand. This means its value stays stable, unlike other cryptocurrencies that can be very volatile. Earle Loxton, CEO of EasyCrypto at EasyEquities, introduced Zaru as a safer and more reliable way for South Africans to use digital money without worrying about big price changes. This stablecoin allows people to send and receive money quickly and securely using blockchain technology. Because it's linked to the rand, it can help protect users from currency fluctuations and make online transactions easier for everyday spending. Zaru represents a big step in South Africa’s digital finance world, blending the benefits of cryptocurrencies with the stability of local currency.
OnABudget takeaway: Zaru could help South Africans avoid the ups and downs of crypto prices while enjoying fast and affordable digital payments. This is good news for consumers and small businesses looking for secure ways to handle money online without risking much value loss.