CoinApps developed a stablecoin called ZAR T, for the South African Reserve Bank

[enkiamo]

"CoinApps has developed a stablecoin for Forus Foundation called ZAR T which will be a token that the South African Reserve Bank will hold and control the keys. The version of the token that will be in the consumer wallet along with Flash will be managed by one of Africa’s largest payment processors. The ZAR T will be interchangeable within the traditional banking system. MahalaX will be the equity token issued by Forus Foundation."

For the FLASH community this seems like an incredible opportunity as it is the only cryptocurrency in these whitelabelled wallets along with the fiat-backed ZAR T and the MahalaX equity token!

https://cryptodaily.co.uk/2020/01/forus-partners-apps-tech-south-africa

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[tabas]

How can we validate that news is legitimate? the stable coins are emerging since few years ago and now it's about being backed up by the real government and this is what we want to see. Although, there's plenty of them already and we think that we don't need more of them but if this is going to be helpful to their economy and will help the adoption of cryptocurrencies to grow there, then it should be a nice initiative from them.

[magneto]

Another day, another centralised stablecoin

I'm not saying that the issuance of stablecoins is necessarily bad. No, that's is far from the truth. But honestly, these kind of news of new stablecoins popping up add absolutely no value to the crypto markets, especially the decentralised crypto markets.

These coins are issued for the benefit of centralised agencies and no one else. Some are even only used internally. So why are people making such a big fuss about them?