PANews reported on April 30 that according to Fortune, the stablecoin project Zar announced the completion of a $7 million financing, with investors including Dragonfly Capital, Andreessen Horowitz, VanEck Ventures, as well as Coinbase Ventures and Solana co-founders. Zar was founded by Brandon Timinsky and Sebastian Scholl in 2024, aiming to enable "corner stores" around the world to support cash-for-stablecoin transactions. The platform has not yet been opened, but about 100,000 users have lined up to register, and 7,000 stores have expressed their willingness to cooperate, covering 20 countries including Pakistan, Indonesia, and Nigeria. Zar plans to officially launch this summer.