On-ramps for $USDZAR given current macro

Watching $USDZAR at 16.8248 is interesting, especially with rate hike talk heating up globally. Stablecoin on-ramps for emerging market currencies like ZAR are still clunky, and that friction impacts how quickly real money flows in or out when there's volatility. If we see the Fed stick to its hawkish tone, that spread could widen even further, and the existing infrastructure will be tested.