Author: Gideon Greaves

Not too long ago, I was having coffee in Nairobi with a friend of mine. He’s a sharp guy who works for one of the big dollar stablecoin companies. He looked at me and said, “Gideon, I don’t understand the use case for a South African stablecoin.” My first reaction was: what do you mean? South African money moves in rands. Like you, I buy my groceries and pay my taxes in rands, and like business owners across the country, I pay my staff and suppliers in rands. A rand stablecoin just replaces the rail that money moves on, so…