The South African Reserve Bank has decided not to publish its findings from the first phase of its Central Bank Digital Currency feasibility study.
“Phase one was essentially exploratory and, given that the findings required significantly more work, we took a decision not to publish phase one,” the spokesperson said. “The SARB is continually exploring possible use cases, including whether a retail CBDC can address gaps that current traditional digital payments do not adequately fulfil,” it continued.
USDT and USDC are prominent examples of US dollar-based stablecoins. ZARP is a stablecoin pegged to the South African rand.
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