The DéMars Project maintain a South African Rand (ZAR) Anchor on the Stellar Network.
What this means, is that if you deposit South African Rand into their Anchor company and it’s account, DMC Rand (Pty) Ltd, you will be issued with the same amount back in the ZART Stellar token. ZART is therefore a tethered token or a stablecoin.
The token is a claim against the money held in the Anchor’s account. Though this claim is instantly transferable and may be exchanged for other tokens on the network.