A16z leads $12.9M round for ZAR to bring stablecoins to Pakistan’s unbanked

💡 DMK Insight

ZAR’s push to bring stablecoins to Pakistan’s unbanked is a game changer for local traders. By leveraging corner stores and kiosks, they’re not just creating access but also potentially driving demand for stablecoins in a market that’s largely untapped. This could lead to increased volatility in local currency pairs as more citizens engage with crypto, especially if they start using stablecoins for everyday transactions. Traders should keep an eye on how this initiative affects the Pakistani Rupee and related forex pairs, as increased adoption could lead to shifts in liquidity and trading volumes. But here’s the flip side: if ZAR faces regulatory hurdles or if the local population is resistant to adopting digital currencies, we could see a backlash that stifles growth. Watch for any announcements from the State Bank of Pakistan regarding crypto regulations, as these could significantly impact market sentiment and trading strategies in the region.