🟠 A new South African stablecoin is now live on Luno
Plus: 🌍 Here’s why Flutterwave is enabling stablecoin payments via Polygon
Crypto in Africa
Flutterwave CEO lays out the company’s stablecoin play — and why Polygon fits the plan
Olugbenga Agboola said rising demand from clients and suppliers already using stablecoins pushed Flutterwave to build payment flows that match how people are transacting today.
New South African stablecoin goes live on Luno
Dubbed the ZAR Supercoin, the stablecoin designed and developed by New York-listed Super Group, is backed by cash reserves in Absa bank.
🟠 Why Yellow Card shuttered its retail business
Plus: 🇿🇦 USD stablecoins can undermine African monetary sovereignty — SARB Governor
Why Yellow Card shuttered its retail business
Yellow Card told Mariblock that the decision was driven by strong, growing demand for stablecoin-fiat payment services.
USD stablecoins can undermine African monetary sovereignty — SARB Governor
Lesetja Kganyago says he is unconvinced by the supposed stability of USD-pegged stablecoins and believes their backing can be called into question
🟠 Flutterwave jumps on the stablecoin train
Plus: 🇳🇬 Nigerians prefer crypto investments and gambling to the capital market — SEC DG