mZAR, issued by Mesh Trade South Africa (Pty) Ltd, is a stablecoin that tracks the South African Rand (ZAR) at a 1:1 peg and is redeemable for ZAR through the Mesh platform. [S1][S2]

Each mZAR token gives ZAR exposure and is backed 1:1 by South African Rand held in segregated accounts at major South African banks. [S2] mZAR is a non-yield-bearing settlement stablecoin, so holders accrue no interest. [S1] No platform fee applies to minting or redeeming, though large fund or defund events may carry a 0.40% plus VAT liquidity charge. [S1]

Mesh Trade South Africa (Pty) Ltd, a South African company holding FSP number 53710, is regulated by the Financial Sector Conduct Authority (FSCA) and is CASP-authorised as a Crypto Asset Service Provider. [S3][S4] mZAR is a ZAR-pegged crypto asset, not a deposit, and is available to retail holders subject to FICA-aligned KYC and AML onboarding. [S1][S3] Holders redeem 1:1 by defunding mZAR to a ZAR bank account, with no lock-up, a minimum of R1, and instant daily liquidity up to R10m per user. [S1] Reserves are held in segregated client accounts administered by Mesh, transitioning to a bankruptcy-remote SPV, Mesh Mint (RF) (Pty) Ltd. [S2]

mZAR is live on Stellar, with availability on Solana planned. [S1] Investors purchase mZAR with fiat ZAR and defund back to a ZAR bank account, with an operational cut-off of 17:00 SAST; later transactions reflect the next business day. [S1] Independent reserve attestations are published by Acredo. [S1][S3]

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    { id: "S1", url: "https://www.mesh.trade/yzar-frequently-asked-questions/" },
    { id: "S2", url: "https://www.mesh.trade/how-yzar-answers-the-stablecoin-security-question/" },
    { id: "S3", url: "https://support.mesh.trade/support/solutions/articles/80001183015-what-is-yzar-" },
    { id: "S4", url: "https://www.mesh.trade/mesh-awarded-casp-license-by-fsca/" },
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Stablecoins

Mesh operates as a decentralized, multi-sided, cross-asset marketplace providing technology infrastructure for tokenizing and trading financial assets on blockchain. The platform offers an Instrument Builder for creating and tokenizing assets, Mesh Accounts for portfolio management, instant trade clearance and settlement, and an oracle for enterprise-grade asset lifecycle management.

A decentralized marketplace that gives all participants direct access to financial markets for capital raising and investing. Mesh enables the creation, issuance, tokenization, and trading of any financial asset including stablecoins like mZAR, and tokenized commodities like SilverBits and TroyGold.

All participants seeking direct access to financial markets for capital raising and investing, including issuers of tokenized financial assets and investors looking for accessible digital investments.

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Stablecoin issuers

Mesh

Mesh mZAR (mZAR) is a South African Rand stablecoin issued by Mesh through Mesh Trade South Africa (Pty) Ltd.

Each token is redeemable one-for-one for South African Rand and is a direct claim on the issuer.

Reserves are held in bank deposits, in segregated accounts within a bankruptcy-remote structure.

They sit with Investec Bank, attested monthly by Acredo.

Retail investors and institutions can mint and redeem directly with Mesh in ZAR after completing KYC, and holders have a contractual right to redeem at par.

Mesh Trade South Africa (Pty) Ltd is the issuing entity.

mZAR has been issued on Stellar as a Stellar classic asset token since August 2021.

Mesh mZARmZAR

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