Depeg event
ZARP Depeg, November 9, 2026: 8.78% Below Peg
Detected under v6.44 · confirmed via temporal:15m+native:zar+pool:orca:cg_onchain+pool:orca:direct_api+pool:aero:direct_api
ZARP moved below peg at 17:16 UTC on November 9, 2026, with a peak deviation of 8.78% at R0.9122. The event remains ongoing.
The checked-in price path starts at R0.9744 against a recorded peg reference of $0.0609. Pharos captured the incident through live monitoring and evaluates it under v6.44. Confirmation evidence is recorded as “temporal:15m+native:zar+pool:orca:cg_onchain+pool:orca:direct_api+pool:aero:direct_api”. The source row also retains the quality flag “confirmation-window+low-confidence”. The record reports the observed price path and resolution state without inferring a cause from those measurements.
Event summary
- Direction
- below peg
- Peak deviation
- 8.78%
- Started
- November 9, 2026
- Ended
- Ongoing
- Outcome
- Ongoing
- Duration
- —
- Peg reference
- $0.0609
- Start price
- R0.9744
- Peak price
- R0.9122
Related incidents
Other Custodial Cash incidents
Stablecoin
ZARP Stablecoin (ZARP) →ZARP is a centralized South African Rand stablecoin, redeemable 1:1 against ZAR cash reserves held in treasury at Old Mutual Wealth.
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