Today, we’re announcing
@ZARUniversal (ZARU), an institutional-grade, Rand-backed stablecoin developed in partnership with
@LunoGlobal,
@EasyEquities,
@sanlam, and Lesaka, to modernise South Africa’s payment and settlement infrastructure.
Every ZARU token is fully backed by Rand reserves held at
@StandardBankZA, in the form of cash, bank deposits, and government bond equivalents, managed by Sanlam with monthly independent attestations by
@MooreSAfrica.
Built for both retail and institutional use, ZARU enables instant, low-cost, always-on payments and cross-border settlement, helping connect the Rand to the global digital economy while keeping its reserves within South Africa’s regulated financial system.
Read the full announcement:
zaru.network/blog/leading-so…