A $7 million funding round has propelled Zar, a stablecoin startup focused on Africa, closer to its goal of launching a stablecoin pegged to the South African Rand. Led by industry giants like a16z, Dragonfly Capital, and VanEck Ventures, this investment will power the project’s entry into Africa’s digital payments market. 💰 The aim is to streamline transactions across the continent while enabling seamless cross-border payments. 🌍 ❌ 🚧 However, Zar has yet to disclose concrete plans regarding regulatory compliance or integration with existing financial systems, leaving the community in anticipation. ⏳ While this move could significantly impact Africa’s financial landscape, the lack of official statements from Zar’s leadership and prominent experts continues to keep market reactions reserved for now. 🤔