Super Group (Betway, Spin) launches its own stablecoin for the African market

Super Group has introduced ZAR Supercoin, a token pegged to the South African rand. It will be listed on the cryptocurrency exchange Luno and intended for use in South Africa and other countries across the continent. In the near future, ZAR Supercoin will become one of the available deposit and withdrawal methods across all Super Group brands in the region — primarily for Betway, one of Africa’s market leaders.

Background

The rollout of ZAR Supercoin also underscores how quickly digital payments are evolving across the African continent. In many regions, users still struggle with slow bank transfers, high transaction fees, and limited access to reliable financial services, which makes stablecoins an increasingly attractive alternative. By introducing a rand-backed token, Super Group aims to streamline payments within Africa, making deposits and withdrawals faster and less dependent on traditional banking infrastructure. Analysts say that if the new token gains momentum inside the Betway ecosystem, it could pave the way for broader adoption of similar payment tools among other major operators targeting emerging markets.

What’s next

Super Group stated that the stablecoin will be traded on the leading regulated cryptocurrency exchange Luno and will initially be available to customers in South Africa. As adoption grows, it will expand to other exchanges across the continent.

South Africa’s tier-one ABSA Group bank will hold the fiat reserves backing Supercoin. ZAR Supercoin will run on the Solana blockchain, while Chainalysis will provide compliance solutions, enabling Super Money to set risk policies and monitor transactions.

A digital wallet launch is planned for the first quarter of next year.

Conclusion

The launch of ZAR Supercoin also reflects a broader shift in Africa’s digital payments landscape, where stablecoins are increasingly used as an alternative to traditional banking channels. Many users across the region face delays, high fees, or limited access to financial services, making blockchain-based payments an appealing option for both operators and customers. By offering a rand-backed token, Super Group aims to simplify cross-border transactions within Africa and reduce dependency on slower legacy providers. Industry analysts note that if ZAR Supercoin gains traction within Betway’s ecosystem, it could encourage other major operators to explore similar digital payment solutions in emerging markets.