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Andreessen Backs Startup Exploring Stablecoins in Pakistan

Andreessen Horowitz is leading funding for a year-old startup that seeks to popularize the use of stablecoins through neighborhood stores in Pakistan and other emerging countries.ZAR secured $12.9 million in a financing round joined by Dragonfly Capital, VanEck Ventures, Coinbase Ventures and Endeavor Catalyst, the firm said in a statement. It aims to test dollar-backed digital coins for Pakistan, which the World Bank estimates has the third-largest unbanked population on the planet. Unlike othe...

Read more at bloomberg.com

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