Storyline
Kredete Buys Into Stablecoin Rails
Timeline
- Thu, Sep 24LatestUnverified — not yet reviewed
Rand-Backed ZARU Stablecoin Live on Circle's Arc as Binance Stakes $100 Million in Circle
The rand-denominated ZARU stablecoin, described as Africa's first on Circle's Arc institutional blockchain, is drawing new scrutiny as Binance's reported $100 million investment in Circle faces its next stress test. The combination of an institutional blockchain stablecoin launch and a major exchange's balance-sheet bet on Circle's infrastructure signals a coordinated push toward institutional DeFi in African foreign exchange markets.
- Wed, Sep 23Unverified — not yet reviewed
Africa's First Stablecoin Goes Live on Circle's Arc Blockchain as ZARU Rand Token Launches
A rand-denominated stablecoin called ZARU has gone live on Circle's Arc institutional blockchain, described as Africa's first stablecoin on the platform. The launch is being framed as a landmark development for African foreign exchange infrastructure and a live cross-border FX experiment with implications for how local currency stablecoins are adopted on the continent.
- Tue, Sep 22Unverified — not yet reviewed
Kredete Acquires Gravv to Build In-House Stablecoin Infrastructure in Africa
African fintech Kredete has acquired Gravv to bring stablecoin payment infrastructure in-house, positioning itself to build what it describes as agentic stablecoin rails. The acquisition represents a notable move toward vertical integration in African crypto-payments infrastructure.