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ARQ Secures $70M to Expand Stablecoin Services in Latin America

ARQ Secures $70M to Expand Stablecoin Services in Latin America

Author:

Global Cryptocurrency

Published:

2026-03-04 12:35:02

16

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BTCCSquare news:

ARQ, a fintech firm specializing in stablecoin solutions, has raised $70 million in a funding round led by Sequoia Capital and Founders Fund. The investment underscores growing institutional confidence in Latin America's digital finance sector.

The rebranded company (formerly DolarApp) offers multi-currency accounts, digital wallets, and cross-border payment services. Its proprietary technology leverages stablecoins to mitigate currency volatility risks prevalent in emerging markets.

CEO Fernando Terrés confirmed the capital will fuel expansion into wealth management and credit services. The firm plans to launch high-yield accounts and a premium credit card, targeting dollar-starved economies.

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