Killy Bacela

General manager of business incubation and innovation at AVBOB Financial Services

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Last updated Nov 3, 2026

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South Africa's eZAR rand stablecoin opens to the public

Money Moves

Founding partner and liquidity provider

For a year, eZAR moved rands between wallets inside a closed pilot. On 2 November it opened to the public, with R303 million of tokens already in circulation and any financial institution able to plug the currency into its own branded wallet.

Updated Yesterday