Stablecoin financial application ARQ completes $70 million funding, with Sequoia Capital and Founders Fund participating

SmartContractAuditor · 2026-03-04T01:46:59+00:00

Latin American financial app ARQ completes $70 million funding, with Sequoia Capital and Founders Fund participating. The funds will be used for rebranding, hiring, and expanding new businesses. ARQ, formerly known as DolarApp, supports multi-currency accounts, with over 2 million existing users and annual transaction volume exceeding $10 billion.

SmartContractAuditor

2026-03-04 01:46:59

Abstract generation in progress

Odaily Planet Daily reports that Latin American financial app ARQ, focused on stablecoin services, has completed $70 million in funding, with Sequoia Capital and Founders Fund participating. The company stated that this round of funding will be used for brand rebranding, hiring staff, and expanding into new business areas such as wealth management, high-yield local currency accounts, and lending.

ARQ, formerly known as DolarApp, offers multi-currency accounts, digital wallets, foreign exchange, and debit card services, supporting cross-border fund storage and transfers. Currently, it has over 2 million users in Latin America, with an annualized transaction volume exceeding $10 billion. (Bloomberg)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes