Stablecoins
Stablecoin issuers
Who issues Africa's stablecoins: regulated fintechs, licensed crypto-asset providers and a decentralised protocol. Supply, usage, peg and reserves, rolled up across each issuer's coins.
Measured 2026-11-07
Issuers
6
10 stablecoins
Total supply
$11.96M
28,023 holders
Transfer volume 30D
$85.23M
DEX volume 30D
$887.5k
TVL $410.8k
Largest issuer
33%
Inves Capital
Top 3 issuers
95%
of supply
All time
Transfer volume
$1.21bn
7,361,825 transfers
DEX volume
$421.77M
6,650,930 swaps
Minted
$49.05M
$37.60M burned
Net issuance
$11.45M
minted − burned
INInves CapitalInves Capital1 stablecoin · Rand
$3.98M33.3% of supply · 895 holders
ZARP
FSCA — Inves Capital (Pty) Ltd, FSP 53739; FSP/CASP licence pending, per issuer's FAIS disclosureZARP
BlockTower South AfricaBlockTower South Africa1 stablecoin · Rand$3.69M30.8% of supply · 34 holders
ZARU
FSCA — BlockTower South Africa (Pty) Ltd, FSP 55172ZARU
Convexity (WrappedCBDC)Convexity (WrappedCBDC)1 stablecoin · Naira$3.67M30.7% of supply · 15,769 holders
cNGN
Securities and Exchange Commission (SEC) Nigeria — regulatory oversight, per issuercNGNSUSuper Money SASuper Money SA1 stablecoin · Rand
$495.0k4.1% of supply · 745 holders
ZARSC
FSCA — Super Money SA (Pty) Ltd, FSP 53458 (CASP)ZARSC
Mento LabsMento Labs5 stablecoins · Shilling, Cedi, Naira, CFA franc, Rand$121.5k1.0% of supply · 10,039 holders
KESm
GHSm
NGNm
XOFm
ZARm
KESmGHSmNGNmXOFmZARm
NEDA LabsNEDA Labs1 stablecoin · Shilling$6.2k0.1% of supply · 541 holdersnTZSnTZS
Bank of Tanzania regulatory sandbox, per issuerIssuer metricsSupply by issuer · monthly · USD · end of periodSupply by issuer · monthly · USD · end of period
Issuer league tableclick any column to sortclick any column to sort
| # | Issuer | Coins | Currencies | Networks | Supply ↓ | Transfers 30D | DEX 30D | TVL | Holders | Transfers all-time | DEX all-time | Minted all-time | Share ↓ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | INInves CapitalInves Capital | ZARP | 🇿🇦Rand (ZAR) |  Base Ethereum Polygon Solana | $3.98M | $6.50M | $609.9k | $97.3k | 895 | $70.33M | $20.54M | $4.11M | 33.3% |
| 2 | BlockTower South AfricaBlockTower South Africa | ZARU | 🇿🇦Rand (ZAR) |  ArcSolana | $3.69M | $682.3k | $0 | $0 | 34 | $7.82M | $0 | $5.82M | 30.8% |
| 3 | Convexity (WrappedCBDC)Convexity (WrappedCBDC) | cNGN | 🇳🇬Naira (NGN) |  Asset ChainBase BNB Chain CeloEthereum+3Lisk, Polygon, Solana | $3.67M | $77.93M | $220.5k | $233.8k | 15,769 | $305.62M | $12.20M | $32.48M | 30.7% |
| 4 | SUSuper Money SASuper Money SA | ZARSC | 🇿🇦Rand (ZAR) | Solana | $495.0k | $3.9k | $3 | $0 | 745 | $1.10M | $16.5k | $490.6k | 4.1% |
| 5 | Mento LabsMento Labs | KESmGHSmNGNmXOFmZARm | 🇰🇪Shilling (KES)🇬🇭Cedi (GHS)🇳🇬Naira (NGN)🌍CFA franc (XOF)🇿🇦Rand (ZAR) | Celo | $121.5k | $106.9k | $57.2k | $157.6k | 10,039 | $824.71M | $389.01M | $6.13M | 1.0% |
| 6 | NEDA LabsNEDA Labs | nTZSnTZS | 🇹🇿Shilling (TZS) | Base | $6.2k | $12.8k | $0 | $0 | 541 | $110.3k | $4 | $22.8k | 0.1% |