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Supply
Peg today
below 1 ZAR
Chains
Holders on Ethereum
ZARP is a ZAR stablecoin issued by ZARP Stablecoin, launched in 2021.
ZARP is a South African rand stablecoin issued by ZARP Stablecoin (Pty) Ltd. It is a fiat-backed coin pegged one-to-one to the South African rand.
The issuer operates as a juristic representative of Inves Capital (Pty) Ltd, whose FSP and CASP licence applications are pending with the Financial Sector Conduct Authority. It positions ZARP as a fully cash-collateralised rand-pegged coin.
The token is deployed on Ethereum, Base, Polygon and Solana per the verified contract set DIA holds.
Sources: ZARP about page, ZARP FAIS disclosure, ZARP transparency page, Kempen Audit agreed-upon procedures report, 1 September 2026
79.1M ZARP in circulation across 4 chains; Ethereum carries 50.3%.
Source: DIA first-party onchain reads, the series the chart draws. Each figure is the change in the supply DIA reads across ZARP’s chains between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
79.1M ZARP (US$4.7M)
Ethereum 50.3% · other chains 49.7%
Ethereum39.8M ZARP · 50.3%
Base15.9M ZARP · 20.0%
Solana13.4M ZARP · 17.0%
Polygon10.0M ZARP · 12.7%Supply growth
Counted on Ethereum. Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Ethereum less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
Source: Blockscout.
215holders on Ethereum
| ZARP | |
|---|---|
| Top holder | 69.2% |
| Top 10 | 79.4% |
| Top 50 | 79.5% |
| Top 100 | 79.5% |
Excludes protocol and bridge contracts and issuer treasuries. Shares are of the supply on Ethereum less issuer treasuries and burn addresses. Protocol and bridge contracts stay in that supply but are not counted among the largest holders.
How far ZARP trades from its ZAR peg, from DIA's daily price reads.
Where ZARP is supplied in DeFi lending markets, what it earns there and the DEX pools it trades in.
Top 4 ZARP pools by TVL with a quoted APY.
TVL is what is deposited in the pool. For lending pools, that is before loans are taken out.
| APY | Composition | 30d avg | Quality | Protocol | Chain | Rewards | ▼TVL | Type |
|---|---|---|---|---|---|---|---|---|
1.42% | 54.38% | LP fees · IL riskVolatile | Base | +0.00% | US$238.3K | LP | ||
1.49% | 62.79% | LP fees · IL riskVolatile | Ethereum | +0.00% | US$126.1K | LP | ||
3.94% | 25.20% | LP fees · IL riskVolatile | Polygon | +0.00% | US$40.4K | LP | ||
7.75% | 24.12% | IncentiveIL riskVolatile | Ethereum | +6.45% | US$31.2K | LP |
Source: DeFiLlama, DexScreener and on-chain balances, updated 1 Nov 2026.
ZARP in pool is ZARP's own side of the pool, at its USD price. Pool liquidity counts both sides.
US$541.2K of ZARP sits in 7 DEX pools across 4 DEXs.
| DEX | Pair | Chain | Pool liquidity | ▼ZARP in pool | 24h volume |
|---|---|---|---|---|---|
| ZARP / USDC | Base | US$244.7K | US$222.5K | US$1.1K | |
| ZARP / USDC | Solana | US$130.7K | US$118.7K | US$10 | |
| ZARP / ETH | Ethereum | US$120.7K | US$60.7K | US$815 | |
| cNGN / ZARP | Base | US$77.1K | US$53.2K | US$1.0K | |
| ZARP / USDC | Ethereum | US$40.7K | US$40.5K | US$20 | |
| ZARP / FRXUSD | Polygon | US$40.5K | US$22.8K | US$18.9K | |
| ZARP / frxUSD | Ethereum | US$30.8K | US$22.8K | US$653 |
ZARP is designed to be backed by cash and money-market assets.
ZARP is fiat-backed. What the issuer states is full cash collateralisation backing the coin one-to-one to the rand, with a transparency surface published. The reserve is rand cash and cash equivalents managed by Old Mutual Wealth or held in Standard Bank facilities, per the management assertion in the 1 September 2026 Kempen Audit report.
Supply is read from contract state on the chains DIA indexes.
The ZARP transparency page says its treasury reserves are held by Old Mutual Wealth. It names Kempen Audit as the firm that carries out regular attestation reviews, and links the latest report. That report, dated 1 September 2026, is an agreed-upon procedures report, which Kempen Audit states is not an assurance engagement. The issuer says one ZARP always equals one rand, and that redeemed tokens leave circulation while the matching rand is released from the treasury. The EVM contract address is the same on Ethereum, Base and Polygon.
Sources: ZARP transparency page, ZARP homepage, Kempen Audit agreed-upon procedures report, 1 September 2026
Ethereum0xb7555065…bacb0c04paused()mint(address,uint256)eip1967-uups0xb7555065…bacb0c04paused()mint(address,uint256)eip1967-uups0xb7555065…bacb0c04paused()mint(address,uint256)eip1967-uupsdngKhBQM3B…oj9Lk8rkfreezeAuthoritymintAuthorityRead from the deployed contract and its account on each chain. A control with no row is one the read could not settle, which is not the same as absent. “No” appears only where the verified contract source lists every function, or where the chain records that the control cannot exist, such as a package published as immutable.
Contract can freeze · pause · mint · upgrade (proxy)
Independent reserve attestations are published quarterly.
The issuer's compliance page states that ZARP is not legal tender, is not issued or guaranteed by the South African Reserve Bank, is not a security, and that ZARP holdings are not protected by any deposit insurance scheme.
Under the ZARP terms of service, only approved partners can issue ZARP from the company or redeem it for rand, and a redemption may be delayed to complete compliance checks.
Sources: ZARP compliance page, ZARP terms of service
49 days are left blank: chain coverage changed or a contract read failed, so those totals are not comparable.
Source: DIA onchain reads Updated
Source: DIA rebuild from onchain transfer history (to 11 Aug 2026), Block explorer holder counts (from 12 Aug 2026), Ethereum Updated
Source: DIA price feed Updated