ZARP Stablecoin (ZARP) stablecoin analytics
Answer First
What is 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. The static profile records its South African Rand peg mechanism as: Mint/burn 1:1 with ZAR through ZARP Stablecoin (Pty) Ltd issuing partners; reserves may not be used for any purpose other than redemption
Is ZARP safe?
Pharos does not assess ZARP as safe: it holds an F Safety Score grade (15/100) in the latest published rating, which flags significant structural risk. Static metadata says ZARP Stablecoin uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Kempen Audit (restricted-use agreed-upon-procedures reports that state they are not an assurance engagement; observed publication history is irregular — roughly quarterly to early 2025, then ~5-month gaps — so no fixed cadence is claimed); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
ZARP Stablecoin (ZARP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg South African Rand.
AI summary / Updated Sep 7, 2026
ZARP is backed effectively one-for-one by rand cash. The overwhelming bulk sits in an Old Mutual Wealth trust account, with a sliver at Standard Bank. ZARP remains the only meaningfully documented on-chain rand. Kempen's agreed-upon-procedures reports, running from May 2024 through August 2026, qualify as recurring third-party reconciliation, which is why backing and economic control both sit well above the N/A overall grade. Read those reports for what they are, though. They are ISRS 4400 agreed-upon procedures...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Kempen ZARP agreed-upon procedures report - August 12, 2026
- Collateral
- South African rand cash and equivalents held in the Old Mutual Wealth Trust Company account and ZARP's Standard Bank accounts, tested by Kempen Audit under ISRS 4400 agreed-upon procedures.
- Peg Mechanism
- Mint/burn 1:1 with ZAR through ZARP Stablecoin (Pty) Ltd issuing partners; reserves may not be used for any purpose other than redemption
- Jurisdiction
- South Africa / FSCA / CASP license pending
- Proof Of Reserves
- Agreed-Upon Procedures by Kempen Audit (restricted-use agreed-upon-procedures reports that state they are not an assurance engagement; observed publication history is irregular — roughly quarterly to early 2025, then ~5-month gaps — so no fixed cadence is claimed) Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety zarp-zarp
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
ZARP quick answers
What is 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. The static profile records its South African Rand peg mechanism as: Mint/burn 1:1 with ZAR through ZARP Stablecoin (Pty) Ltd issuing partners; reserves may not be used for any purpose other than redemption
Is ZARP safe?
Pharos does not assess ZARP as safe: it holds an F Safety Score grade (15/100) in the latest published rating, which flags significant structural risk. Static metadata says ZARP Stablecoin uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Kempen Audit (restricted-use agreed-upon-procedures reports that state they are not an assurance engagement; observed publication history is irregular — roughly quarterly to early 2025, then ~5-month gaps — so no fixed cadence is claimed); the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs ZARP?
Pharos classifies ZARP backing as Real-World Asset Backed. Collateral, per the static profile: South African rand cash and equivalents held in the Old Mutual Wealth Trust Company account and ZARP's Standard Bank accounts, tested by Kempen Audit under ISRS 4400 agreed-upon procedures. Reserve evidence: Agreed-Upon Procedures from Kempen Audit (restricted-use agreed-upon-procedures reports that state they are not an assurance engagement; observed publication history is irregular — roughly quarterly to early 2025, then ~5-month gaps — so no fixed cadence is claimed).
Can ZARP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for ZARP, when applicable, appear in the dossier below.
