ARQ, a Latin American financial application specializing in stablecoins, has raised $70 million in a funding round with participation from Sequoia Capital and Founders Fund. The funds will support ARQ's rebranding efforts, workforce expansion, and service diversification beyond dollar-denominated transfers to include wealth management, high-yield accounts in local currencies, and lending. Formerly known as DolarApp, ARQ provides multi-currency accounts, digital wallets, foreign exchange, and debit card services, facilitating cross-border fund transfers. With over 2 million customers and an annualized transaction volume exceeding $10 billion, ARQ has developed infrastructure linking traditional banking networks with stablecoin payment systems, allowing users to hold foreign currency and conduct transactions efficiently.