[Stablecoin Startup ZAR Secures $12.9 Million in Funding Led by a16z] Stablecoin startup ZAR has completed a new round of financing, raising $12.9 million, led by a16z, with participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. ZAR plans to test a USD-backed digital currency using mobile kiosks, convenience stores, and currency agents in Pakistan. Earlier this year, ZAR launched its platform, allowing users to exchange cash for digital dollars by scanning QR codes and use them in stores. Its wallet is linked to a globally accepted Visa card.