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Techub News reports that Latin American financial app ARQ, focused on stablecoins, has completed $70 million in funding led by Sequoia Capital and Founders Fund. The funds will be used for rebranding, team expansion, and service expansion from USD-denominated transfers to wealth management, high-yield local currency accounts, and lending services. ARQ, formerly known as DolarApp, offers multi-currency accounts, digital wallets, foreign exchange, and debit card services to help users store and transfer funds across borders. Currently, it has over 2 million customers in Latin America, with annual transaction volume exceeding $10 billion. The company stated that it has built infrastructure connecting traditional banking networks with stablecoin payment systems to support users holding foreign currencies and conducting transactions.