Zar, a startup founded by the former Sadapay CEO, Brandon Timinsky, has raised $ 7 million to launch a global network that allows people to exchange species for stablecoins in corner stores around the world.
The tour includes the support of large investors such as Andreessen Horowitz (A16Z), Dragonfly Capital, Vaneck Ventures, Coinbase Ventures and co-founders of the Solana blockchain.
The evaluation of the company has not been disclosed, according to a makeshift report.
Timinsky pushes for the use of stables
Timinsky told Fortune that he was aimed at making stables accessible to users of cash savings thanks to an existing retail infrastructure.
Stablecoins now representing a market of 238 billion dollars and more and more important for cross -border payments and inflation protection, Zar aims to transform any store in exchange for physical crypto.
To do this, the company operates a network of more than 28 million mobile monetary agents worldwide – individuals and businesses which already facilitate more than $ 1.5 billion of financial services outside the traditional banking system.
The ZAR platform will allow users to enter a local store, scan a QR code and launch a transaction via the ZAR application.
Customers can consult the supplier notes, check the exchange rates and put species in exchange for stablescoins such as USDT or USDC, which will be deposited directly in their digital wallets.
Store owners can earn money by applying margin to the exchange rate, while Zar collects transaction costs, varying depending on the region.
The service is not yet live but is already gaining ground. Nearly 100,000 users have signed up for Zar’s waiting list and 7,000 sellers in 20 countries, notably Pakistan, Nigeria, Argentina and Indonesia – have expressed their interest.
Timinsky claims that the company does not initially target the United States, where the use of stablescoin is relatively limited due to a more stable currency and mature banking systems.
Instead, the emphasis is placed on emerging markets where people do not have reliable access to financial services and are looking for alternatives to local volatile currencies.
Funding will be used to extend the Zar team, open new offices and continue to develop technology. The company plans to launch its service by the end of the summer.
Shock market to increase by 10 times to 2 billions of dollars by 2030
Citigroup has planned a spectacular increase in the Stablescoin market, providing that its total market capitalization could go from nearly $ 240 billion today to more than 2 billions by 2030.
The prediction indicates that the growth of adoption would be motivated by the regulatory developments and the increased interests of financial institutions and the public sector.
According to the banking giant, Stablecoin’s offer could reach $ 1.6 billion by the end of the decade in its basic scenario, while a more optimistic perspective places the figure at 3.7 billions of dollars.
As indicated, the number of active stablecoin portfolios has jumped by more than 50% over the past year, reflecting growing adoption and commitment within the digital asset ecosystem.
More specifically, the Active Stablecoin addresses increased from 19.6 million in February 2024 to 30 million in February 2025, marking growth of 53% in annual shift.
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