Super Money, a new venture by Super Group, has announced the launch of ZAR Supercoin, an innovative stablecoin designed specifically for South Africa and the broader African market. Alongside the coin, Super Money is introducing a digital wallet, creating a comprehensive blockchain-based payment ecosystem aimed at transforming everyday transactions.
The initiative seeks to deliver utility and convenience to customers of Super Group’s brands while expanding into the wider payments space across the continent. By combining blockchain speed and accessibility with the trust and oversight of regulated finance, ZAR Supercoin offers a secure and practical alternative to traditional payment methods.
ZAR Supercoin is licensed by the Financial Sector Conduct Authority (FSCA) and fully backed by rand reserves held in segregated accounts at ABSA Group Ltd, a Tier 1 South African bank. Each ZAR Supercoin is redeemable 1:1 for the South African rand through approved channels, ensuring stability and confidence for users.
This structure allows individuals and businesses to hold, send, and redeem digital rands instantly and securely, bridging the gap between traditional banking and modern digital finance.
According to Warren Ross, Managing Director of Super Money:
ZAR Supercoin is designed to bring the power of digital money and blockchain into everyday South African life. Whether you’re paying for groceries, sending money to family, or running a small business, it’s fast, secure, and always backed by the rand. We’re making stablecoins simple, useful, and accessible, because we believe financial freedom should be for everyone.
This launch positions Super Money as a key player in Africa’s emerging digital finance ecosystem, offering a solution that combines speed, security, and regulatory compliance—all tailored to local needs.
