Stablecoin startup Zar has successfully raised $7 million, primarily supported by prominent investors like a16z, Dragonfly Capital, and VanEck Ventures. The funding will facilitate the development of ZAR, a stablecoin linked to the South African Rand.
Zar's initiative aims to enhance digital payments and cross-border transactions within African markets, emphasizing the region's growing interest in stablecoin technology.
Experts predict that this funding round will accelerate the adoption of stablecoins in Africa, with Zar's regulatory compliance at the forefront of promoting innovative financial solutions.
Full story here: https://coincu.com/335033-zar-secures-7m-funding-stablecoin