Stablecoin Startup Zar Raises $7 Million in Funding, with a16z, Dragonfly, and VanEck Ventures as Lead Investors

BlockBeats News, April 30, Stablecoin startup Zar has completed a $7 million funding round, with a16z, Dragonfly Capital, and VanEck Ventures leading the investment, and Coinbase Ventures and Solana Labs participating.

Zar aims to focus on digital payments and cross-border transactions in markets including Pakistan, Bangladesh, Indonesia, Nigeria, Lebanon, and Argentina. The company plans to ensure compliance and stability through partnerships with local financial institutions and drive the widespread adoption of stablecoins.