Crypto界网 March 4 News, according to Bloomberg, Latin American financial app ARQ, focused on stablecoins, has completed $70 million in funding, with participation from Sequoia Capital and Founders Fund. This round of financing will be used for brand rebranding, hiring new employees, and expanding services beyond dollar-denominated transfers, including wealth management, high-yield local currency accounts, and lending services. ARQ, formerly known as DolarApp, offers multi-currency accounts, digital wallets, foreign exchange, and debit cards, helping users store and transfer funds across borders. It has over 2 million customers in Latin America, with annual transaction volume exceeding $10 billion. ARQ stated that it has built infrastructure connecting traditional banking networks with stablecoin-based payment systems, enabling users to hold foreign currencies and conduct transactions.