Zar Stablecoin Initiative
Andreessen Horowitz has led a funding round of $12.9 million for Zar, a fintech startup based in Pakistan, aimed at enabling cash-to-stablecoin conversions in emerging markets. This investment highlights the growing interest in digital currencies and their potential impact on financial systems in developing regions. Zar’s initiative is designed to streamline the process of converting cash into stablecoins, which can provide more stability and accessibility in financial transactions. The funding will support Zar’s efforts to expand its services and reach in the fintech sector. With this investment, Andreessen Horowitz reinforces its commitment to backing innovative financial solutions that cater to underserved markets.
