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

Odaily Planet Daily News: Stablecoin startup Zar announced the completion of a $7 million funding 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 collaborate with local financial institutions to ensure compliance and stability, and promote the widespread use of stablecoins in Africa. （Fortune）