yZAR. Your money, wiser
Mesh's yield-bearing digital Rand. Put your idle rands to work. Earn daily yield that settles monthly.
What is yZAR?
yZAR is a yield-bearing stablecoin pegged 1:1 to the South African Rand.
It’s built on the same fully collateralised framework as mZAR and adds smart, daily-accruing yield on top. Keep the flexibility of digital cash while your balance works for you.
- Yield* is earned daily
- and paid into your Mesh yZAR wallet monthly.
- The rate is variable and aligned to SA cash markets**.
- Low-friction access: Swap mZAR for yZAR. No fees, no lockups.
- Institutional oversight: bankruptcy-remote structure***, monthly third-party audits, FSP-licensed operations.
* We use the term “yield” (not “interest”). yZAR is not a bank deposit and carries no deposit insurance.
** Yield is indexed to trusted South African money market instruments via appointed yield providers. See the live Current Yield in-app.
*** Effective upon completion of SPV governance appointments and required registrations; until then, reserves are maintained in segregated client accounts administered by Mesh Trade SA.
yZAR was launched on Mesh.trade in August 2025.
Why is yZAR Wiser?
Your cash shouldn’t sit still.
In the financial market where settlement is instant and opportunities move fast, holding non-earning balances is a drag on retail portfolios and on professional P&L.
yZAR fixes that: a compliant, programmable cash layer that earns yield while remaining a medium of exchange.
Built on mZAR’s audited, fully-collateralised rand rails, yZAR adds guaranteed yield (indexed to trusted South African money market instruments via appointed yield providers), without sacrificing liquidity or control.
Use it when you:
- Park funds between trades or issuances.
- Stage liquidity for arbitrage or corporate treasury events.
- Maintain an emergency or working-capital buffer that actually yields.
- Need a clean, auditable cash instrument for settlement and sweep automation.
How yZAR works
Collateral and Peg
yZAR is fully backed 1:1 by mZAR, which is fully backed 1:1 by ZAR held in segregated, bankruptcy-remote, SPV controlled account, being implemented via Mesh Mint (RF) (Pty) Ltd.
Mint, Hold, Redeem
Mint:
Swap mZAR to yZAR
(no fees).
Hold:
Your yZAR balance accrues yield daily and compounds monthly.
Redeem:
Swap yZAR to mZAR 1:1 in-app (no fees), then defund mZAR to ZAR in your bank account.
Yield Mechanics
Accrual clock:
23:59:59
Holders of record at 23:59:59 SAST accrue that day’s yield.
Cut-off window:
17:00 SAST
Mint/burn cut-off is 17:00 SAST; transfers after 17:00 reflect the next business day.
Distribution:
Paid Monthly
Yield compounds daily and is paid monthly, (target: 17:00 SAST on 1st business day of the following month).
Liquidity windows
- Trade: 24/7 on Mesh (subject to network availability).
- Redeem: Defund 24/5 (business days); cut-off is 17:00 SAST; transfers after 17:00 reflect the next business day.
- Weekend settlement resumes next business day.
Fees and Limits (indicative)
- There is no platform fee for swaps from yZAR → mZAR or mZAR → yZAR
- No lockups.
- Instant daily liquidity up to R10,000,000 per user (higher by arrangement).
Who uses yZAR and why?
For Individual Investors: Local and Diaspora
- In waiting: Keep emergency funds and remittance floats earning until you need them.
- Make your cash smarter: Daily yield on rainy-day funds and dry powder.
- Direct control: Instant transfer between spending (mZAR) and earning (yZAR).
- Compliant, transparent: Monthly third-party audits; proof-of-reserves.
For Professional Investors: Wealth Managers, Fund Managers and IFAs
- Add a yielding cash sleeve to model portfolios with clean audit trails.
- Treasury Alpha: Put idle capital to work between deployments with programmatic sweeps.
- Better Settlement Cash: Use yZAR across escrow, issuance and desk-to-desk flows.
- Reporting-Ready: Statements, yield breakdowns and exportable ledgers.
For Corporates: Asset Issuers and Arbitrage Traders
- Issuers and Corporates: Park proceeds pre-deployment; run auto-sweeps for working capital.
- Arbitrage Desks and Market Makers: Stage ZAR inventory with carry; settle instantly when the window opens.
- SuperApps, Fintechs and Centralised Exchanges: Offer yield-as-a-service to users via Mesh APIs and whitelists.
- DeFi-Adjacent Users: Use yZAR as programmable collateral and settlement cash on/off Mesh.
- A liquidity buffer that earns: Stage capital pre-trade or pre-issuance without dead time.
- Operational rails: APIs for auto-sweep, treasury dashboards and whitelist controls.
- Market connectivity: Pair yZAR with mZAR or USDC where available for strategy routing.
Why Mesh?
- Licensed and Accountable: Category I & II FSP; authorised CASP in South Africa.
- Segregated Reserves: Client collateral held in ring-fenced, audited bank accounts.
- Independent Audits: Monthly reports match token supply to fiat reserves.
- Operational Resilience: Role-based controls, isolated custody (Mesh.Vault), disaster-recovery procedures.
- Open By Design: Clear issuance/redemption rules, published addresses, and ongoing disclosures.
Ready to make your money wiser?
Open a Mesh.trade account today. Fund your account. Convert your mZAR to yZAR, and start earning daily yield. yZAR gives you the freedom to trade, settle and withdraw when you need to.
Portfolio Specifics
Investment Focus:
High Value, long-term investment compounded dividend returns.
Class Launch Date:
29 Nov 2022
Investment Term
5 years
Suggested
or longer (long-term)
Benchmark:
Composite Benchmark*
Risk Rating:
Moderate
ISIN Number :
ZAE000316311
JSE Share Code:
ANCOMP
Asset FAQ's
What exactly is yZAR?
A yield-bearing stablecoin pegged 1:1 to rand, backed by mZAR (which is fully collateralised by ZAR reserves in a bankruptcy-remote SPV). yZAR accrues daily yield and compounds monthly.
How do I get it?
Fund mZAR (or convert ZAR → mZAR in-app), then transfer mZAR → yZAR inside your Mesh wallet. You can transfer back any time. No fees.
When do I start earning?
Hold yZAR at 23:59:59 SAST and you accrue that day’s yield. Operational cut-off for mint/burn is 17:00 SAST. There is no yield carry.
How and when is yield paid?
It accrues daily, compounds monthly, and is paid into your Mesh account by 17:00 SAST on the 1st business day of the following month (target).
What’s the current yield?
The rate is variable and aligned to SA cash markets through appointed providers. See the live Current Yield in-app.
Are there fees?
There is no platform fee for transfers from yZAR → mZAR or mZAR → yZAR. Large fund/defund events may carry a 0.40% + VAT liquidity charge.
What are the limits?
Minimum R1. Instant daily liquidity up to R10m per user (higher by arrangement).
Is yZAR safe?
Reserves are segregated and bankruptcy-remote (which is being implemented via Mesh Mint (RF) (Pty) Ltd; until effective, reserves are in segregated client accounts administered by Mesh Trade SA.). Monthly third-party audits by independent auditor Acredo are published on Mesh. Mesh is an FSP-licensed, CASP-authorised entity. As with any digital asset, risks remain; read the disclosures.
Can I use yZAR outside Mesh?
yZAR is native to Mesh. You can convert to mZAR and use supported rails, pairs and integrations. CEX/DeFi listings may expand over time.
Why use yZAR?
Preserve and enhance cash value: Earn market-linked yield on balances you’d hold anyway.
Stay liquid: Instant payments, trading and redemptions.
Reduce frictional costs: Avoid repeated bank-rail fees and delays by operating natively on Mesh.
Operate with oversight: Retain auditability, segregation and bankruptcy remoteness.
What are the Key Facts?
- Peg: 1 yZAR = 1 mZAR (target parity).
- Backing: 100% mZAR; mZAR backed 1:1 by ZAR in Mesh Mint reserve accounts.
- Networks: Issued on the Mesh platform; mZAR live on Stellar (cross-chain expansion planned).
- Oversight: Mesh Trade South Africa (Pty) Ltd, FSP 53710, authorised CASP.
- Bankruptcy remoteness: Reserves held by Mesh Mint (RF) (Pty) Ltd (SPV).
- Audits: Monthly third-party (Acredo) reserve attestations published.
- KYC/AML: FICA-aligned onboarding for fiat on/off-ramps.
- Payouts: Yield compounds daily; paid monthly to your Mesh account.
- Cut-offs: 17:00 SAST mint/burn cut-off; 23:59:59 SAST accrual snapshot.
What are the Risks?
- Market-based yield: The yZAR yield is variable and may change with cash-market conditions and provider terms. Past rates are not a guide to future rates.
- Not a deposit product: yZAR is not covered by deposit insurance; no capital guarantee.
- Liquidity and cut-offs: Extreme market conditions or cut-off windows can delay redemptions to the next business day.
- Operational and regulatory risk: Changes in regulation, banking partners or infrastructure could impact processes, availability or terms.
Smart-contract and custody risk: Despite best practice, digital assets carry technology and operational risks.
Unlock the potential of yZAR