Stellar (XLM) Network Welcomes ZARC Coin, a Rand-Pegged Digital Asset

TD Markets Exchange (TDME), a prominent South African brokerage firm, has announced the launch of ZARC Coin, a digital asset pegged 1:1 to the South African Rand. The launch is conducted in collaboration with Shift Markets on the Stellar (XLM) network, according to Stellar.

Enhancing Cross-Border Payments

The ZARC Coin is designed as a permissionless, yield-bearing asset aimed at revolutionizing cross-border payments, remittances, and global payouts. It offers up to 7.5% annual percentage yield (APY) for holders, facilitating both consumers and enterprises in executing global payments while earning interest. This digital asset aims to enhance wealth preservation and financial accessibility, especially in regions where traditional financial systems are lacking.

Stellar's Role in the Launch

Amar Ramith, CEO of TDME, highlighted Stellar's robust ecosystem and its extensive reach across more than 170 countries as a key factor for choosing the network. With a decade of experience in powering billions of operations, Stellar provides a reliable platform for ZARC Coin, which aims to break down barriers in global finance. This is particularly beneficial in emerging markets where conventional financial infrastructure may not suffice.

Features and Benefits of ZARC Coin

The ZARC Coin offers several advantages, including 24/7 liquidity to ensure smooth trading and market operations. It also features local on/off ramps, simplifying the conversion between ZARC Coin and local currencies for consumers. Developed by Shift Markets, the TDME platform includes merchant tools for payroll and broader acceptance, alongside customizable controls for user administration, liquidity management, and compliance.

Stellar's Continued Impact

For over a decade, Stellar has been at the forefront of providing blockchain solutions that enable access to digital assets globally. The network is especially valuable for emerging markets, offering a secure, fast, and cost-effective solution for global transactions. It is an ideal choice for migrants and those seeking efficient global payment solutions.