ZARP – The first ever Rand stablecoin

[BusinessTech]

ZARP – The first ever Rand stablecoin

ZARP, a stablecoin that is pegged to the price of the South African Rand, is now available on the OVEX exchange.

 

[w1z4rd]

Good to see someone doing it right. Lets hope altcointraders notices this and drops xzar

 

[PsyWulf]

Dunno if i'd want to be stuck holding a bag of ZAR-pegged,let alone ZAR the way the country's going

 

[Tman*]

why tho

 

[piet70]

I'm wondering if there is a use for this with respect to defi taxes?

You could park a % of profits (from deli trading) in ZARP, and then just withdraw when you need to pay SARS.

Could help avoid being left holding the bag if there is a big swing in the market come tax time,