Super Group launches ZAR Supercoin stablecoin in South Africa

• Super Group unveils ZAR Supercoin, a stablecoin pegged 1:1 to the South African rand, launched in partnership with Luno.
• The coin is regulated by South Africa’s Financial Sector Conduct Authority and backed by funds held at ABSA Group Ltd.
• The stablecoin aims to enhance payments and engagement across African markets with plans for a digital asset wallet in 2026.

Super Group (SGHC) has launched ZAR Supercoin, a South African rand-pegged stablecoin, to facilitate secure, regulated digital payments in South Africa and across the wider continent.

Stablecoin launch

The ZAR Supercoin is backed 1:1 by South African rand reserves held in segregated accounts at ABSA Group Ltd, ensuring full asset backing and compliance with regulatory standards, according to the official press release. The company has plans to launch a digital wallet in Q1 2026.

The stablecoin operates on the Solana blockchain and adheres to protocols including KYC, KYB, and AML, regulated by the South African Financial Sector Conduct Authority (FSCA). It is available for trading on Luno, the continent’s largest regulated crypto exchange.

Chief Financial Officer of Super Group, Alinda van Wyk, said:

“The time is right for Super Group to move into the digital currency space, with our exciting new Supercoin. We have always been at the forefront of tech advancement in the gambling industry, and this offering will also benefit the millions of customers who enjoy our brands in South Africa and in the rest of the continent.

“The launch of Supercoin will position us for continued success, as alternative payment methods and digital asset frameworks become more integrated into the regulated gaming ecosystem. This also underscores our commitment to innovation and the use of advanced technology to position Super Group for sustained growth.”

Low-cost, transparent transactions

Super Group views ZAR Supercoin as a tool to drive low-cost, fast, and transparent transactions. The stablecoin is supported by Fireblocks for token management and Chainalysis Sentinel to monitor compliance risks. The company also announced plans for a digital asset wallet to launch in early 2026, expanding usability and adoption further across the region.

The launch is significant for the iGaming and financial sectors, positioning the rand within global stablecoin markets and offering operators, regulators, and investors a secure digital currency option. It demonstrates growing integration between blockchain solutions and traditional financial systems in Africa.

Strong Q3 financial performance

Super Group reported revenue of $556.9 million for the third quarter of 2025, representing a 26% increase year-over-year, with profit for the period reaching $95.8 million. Monthly active customers increased 18% to 5.5 million.

Adjusted EBITDA rose 65% to $152.1 million, driven by growth mainly from Africa, Europe, and Canada, offsetting declines in Latin America. The company raised its full-year revenue guidance to between $2.17 billion and $2.27 billion and adjusted EBITDA guidance to between $555 million and $565 million.

Earlier this month, Super Group decided to leave the US market due to poor results. The company confirmed the decision during its Q3 earnings call and accompanying financial results report.

This move allows Super Group to concentrate on markets where it sees stronger growth potential and better opportunities for product innovation and customer acquisition. The refocused strategy aims to maximise shareholder value by prioritising areas with robust performance and regulatory clarity.

Sources: Yahoo, Market Screener, Super Group