South Africa Embarks on Developing a Stablecoin Framework
South Africa is embarking on an ambitious journey to shape the future of digital finance, focusing on the development of a stablecoin framework and the exploration of tokenization’s potential. The Intergovernmental Fintech Working Group, a collective effort from various sectors, is pushing for this development. It aims to thoroughly assess the implications of stablecoins and the broader concept of tokenization on the domestic markets. This initiative highlights the nation’s commitment to adapting to digital…