Profile
ZARP profile facts
ZARP Stablecoin (ZARP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg South African Rand.
- 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
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
ZARP quick answers
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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?
As of Oct 25, 2026, Pharos grades ZARP C (56/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs ZARP?
Pharos records ZARP's reserves as of Sep 30, 2026 as 100% ZAR fiat reserves. Reserve evidence: Agreed-Upon Procedures, latest period ending Sep 30, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can ZARP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem ZARP?
Under the route Pharos reviewed on Mar 30, 2026, customers the issuer has verified can redeem ZARP for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
