Stablecoin startup Zar completes $7 million in funding, led by a16z and others.

Odaily News Stablecoin startup Zar announced the completion of a $7 million financing round, led by a16z, Dragonfly Capital, and VanEck Ventures. The project aims to launch a stablecoin ZAR pegged to the South African Rand, focusing on digital payments and cross-border transactions in the African market. ZAR plans to ensure compliance and stability by collaborating with local Financial Institutions and promote the widespread use of stablecoins in the African region. (Fortune)

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