Super Group, the NYSE-listed company behind known brands like Betway and Jackpot City, has recently launched ZAR Supercoin (ZARSC). This is a South African rand-backed stablecoin issued through the company’s newly created division, Super Money SA.
Let’s break down what ZARSC brings to the table and why its launch matters to South African crypto gamblers.
What Is ZAR Supercoin & How Does It Work?
ZAR Supercoin is a digital stablecoin pegged 1:1 to the South African rand. In simple terms, one ZARSC is designed to equal one rand.
This stablecoin runs on the Solana blockchain. It is issued and managed using the Fireblocks Tokenization Engine, which controls when tokens are created, removed from circulation, and how the underlying smart contracts operate.
Each ZARSC token is fully backed by real money held in reserve with ABSA Group Ltd., a tier 1 SA bank. This backing is designed to support 1:1 redemption of ZARSC for ZAR.
Super Money operates within South Africa’s regulatory framework and is licensed by the Financial Sector Conduct Authority (FSCA).
Also, to support compliance and reduce financial risk, ZARSC transactions are monitored using Chainalysis.
Why Super Group Launched a Stablecoin in Africa
According to the official statement, Super Group launched ZARSC to help reduce the cost and friction of everyday payments in South Africa.
The company also noted that stablecoin transaction volumes across Africa are already estimated at around $100 billion across key markets, highlighting growing demand for faster and more efficient digital payment solutions.
The launch of Supercoin will position us for continued success, as alternative payment methods and digital asset frameworks become more integrated into the regulated gaming ecosystem.
– Alinda van Wyk, Super Group CFO
A ZAR Supercoin Wallet Is On the Horizon
A dedicated ZAR Supercoin Wallet is expected to launch in early 2026. This digital wallet will support peer-to-peer transfers and merchant payments—including casino transactions—across Africa.
As detailed in the Supercoin white paper, the wallet will come with no account or transaction fees and will support direct deposits into the Betway ecosystem.
Betway as the Main Entry Point for ZARSC
ZAR Supercoin is being rolled out mainly through Betway, rather than being launched as a standalone cryptocurrency. This means most players are expected to first use ZARSC directly on Betway, where it will work as a payment method for deposits and withdrawals.
To encourage casino players to use the token, Betway may offer incentives such as extra value on deposits and free spins or bets when withdrawing in ZAR Supercoin.
Where You Can Buy ZARSC
ZAR Supercoin was initially listed on Luno, a leading regulated cryptocurrency exchange with operations in:
- Nigeria
- Kenya
- Malaysia
- Indonesia
More exchange listings may follow as token adoption grows.
Final Thoughts From CryptoCasinos
From our perspective, ZAR Supercoin looks like a genuinely practical payment method for African players who are tired of relying on traditional banking methods. It’s fast, cheap, and convenient.
At the same time, it’s important to note that gambling with ZARSC is not quite the same as gambling with typical cryptocurrencies. This token is designed as a centralized, regulated payment tool that prioritizes speed and ease of use over privacy or decentralization.
