Super Group has hailed the “incredible opportunity” in crypto after the official rollout of its new stablecoin, the ZAR Super coin.

The Super coin will be listed on crypto exchange Luno in South Africa, before being added to more international exchanges as it gains traction.

The Betway and Spin parent company announced the Supercoin at its Q3 earnings earlier this month.

The Supercoin will be pegged to the South African rand, with a new Supercoin wallet also to be deployed.

Management said Supercoin will eventually be able to be used on Betway and that customers will benefit from “exciting initiatives exclusive to Supercoin users”.

Super Money SA, a new business division within Super Group, will operator Supercoin.

The stablecoin is backed by South African bank ABSA Group, while it will be deployed on the Solana blockchain using the Fireblocks Tokenization Engine to manage smart contract lifecycles.

Blockchain data platform Chainanalysis has been tapped to provide compliance solutions.

“With Africa’s stablecoin volumes already estimated to be around $100bn (£76bn) across key markets, there is incredible opportunity to integrate convenient, crypto-fuelled payment solutions,” Super Group said.

Super Group has been engaging with crypto throughout its operations in Africa. At the business’ Investor Day in September, it was revealed crypto deposits had soared 426% between Q1 and Q2 2025.

Alinda Van Wyk, Super Group CFO, said: “The time is right for Super Group to move into the digital currency space, with our exciting new Supercoin.

“We have always been at the forefront of tech advancement in the gambling industry, and this offering will also benefit the millions of customers who enjoy our brands in South Africa and in the rest of the continent. 

“The launch of Supercoin will position us for continued success, as alternative payment methods and digital asset frameworks become more integrated into the regulated gaming ecosystem.

“This also underscores our commitment to innovation and the use of advanced technology to position Super Group for sustained growth.”

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