Venture capital firm Andreessen Horowitz (a16z) has led a $12.9 million funding round for startup ZAR, which aims to promote the offline use of dollar stablecoins through local shops in Pakistan. Other investors in the round include Dragonfly, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. ZAR's platform is now live, allowing users to exchange digital dollars at street shops and link them to Visa cards. If the pilot is successful, ZAR plans to expand into the African market by 2026. To date, the company has raised a total of $20 million.