in a round hole
The trusted Rand stablecoin
ZARP is a cryptocurrency stablecoin pegged to the price of the South African Rand (ZAR). Access financial services 24/7, build apps with unstoppable payments, and join the future of finance.
As of 12 December 2022
As of 14 February 2023
Total trading volume
As of 7 November 2022
As of 12 December 2022
Use an audited and fully collateralised Rand stablecoin with guaranteed liquidity. Hedge against volatility, store value, and make efficient transfers.
Attract more users and trading volume while building trust by listing a transparent stablecoin that is fully backed. Enable rand-deposits without friction.
Store and move value quickly and efficiently, without volatility. Upgrade your rands for the new financial system.
Unlock solid liquidity with an audited stablecoin, pegged to one of the world's top currencies.
What is a stablecoin?
From Wikipedia: Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals). For ZARP this means being pegged to the South African Rand, so that the price of 1 ZARP always equals 1 South African Rand.
Where does the name ‘ZARP’ come from?
‘ZAR’ is the ticker symbol for the South African Rand currency. The ‘ZA’ is often used to describe South Africa, for example in the country’s .co.za internet domain names, and refers to the name Zuid-Afrika. The ‘P’ stands for peg, because ZARP is pegged to the price of the South African Rand.
How do you guarantee the price of ZARP?
Whenever our Minting Partners buy ZARP from us, we create new tokens to match the amount of ZARP being acquired. These rands are kept safely in our treasury which is managed by our partners at Old Mutual Wealth. When real rands are withdrawn, we burn (destroy) an equal amount of ZARP tokens. Our treasury is verified by independent auditors to guarantee that we actually have the money we claim to and are acting honestly in maintaining our treasury. This way there is always at least 1 South African Rand for every 1 ZARP token, and we will never pay more or less than R1 for every ZARP burned ✨
Where can I get ZARP?
What blockchain does ZARP run on?
ZARP is available on the Ethereum and Fantom blockchains, using the ERC20 token standard.
- Ethereum contract address: 0x8CB24ed2e4f7e2065f4eB2bE5f6B0064B1919850
- Fantom contract address: 0x2f085edec7113e54a1747bD9572b213E662C6165