Rand-backed stablecoin
Institutions only, not available to retail.
Launched on SOL network
Standard Bank is the banker, with reserves audited on a monthly basis
Collaborative effort by Luno, Sanlam Specialised Asset Management (Pty) Ltd, EasyEquities and Lesaka
Backed by high quality liquid assets denominated in Rand managed by Sanlam Specialised Asset Management
Can be traded abroad, but the underlying Rand denominated assets will remain within the South African financial system
Available on Luno and EasyEquities trading desks
