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ARQ is a mobile financial app for Latin American users, offering multi-currency digital accounts based on stablecoins (USDc, EURc). Users can deposit, transfer, spend dollar or euro stablecoins, and earn yield on savings or invest in stocks and ETFs. ARQ also issues credit cards linked to account assets, supporting online and offline payments, with standard, premium, and prestige tiers. Its core mechanism combines traditional banking services with blockchain stablecoins, enabling users to open accounts, top up, pay, and manage assets entirely through the mobile app.
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About ARQ
ARQ is a stablecoin-based financial app serving Latin American users. Its core business includes digital USD/EUR accounts, cross-border payments, a Mastercard for global spending, and yield-bearing savings. The app lets users hold dollars or euros directly on their phones, avoiding local currency devaluation. It also offers a credit card backed by user assets, with cashback and flexible repayment options.
The main pain points ARQ addresses are high inflation and currency instability in countries like Argentina, Mexico, and Colombia. Traditional banks often restrict dollar access, while money changers impose low monthly limits and high fees. ARQ solves this by providing instant conversion from local currency to stablecoins, enabling savings and spending in hard currency without bank intermediation.
In the past six months (February to August 2026), ARQ launched its Prestige subscription tier, which includes a metal credit card, higher cashback (2% on first $500 USDc monthly), portfolio-backed credit lines up to $100,000 USDc, and free international transfers. The company also expanded card shipping to Colombia starting March 27, and introduced monthly billing for Prestige in Brazil. These developments focus on deepening existing product features rather than entering new markets.
ARQ, formerly DolarApp, was founded as a stablecoin-based dollar savings app for Latin Americans facing currency depreciation. It graduated from Y Combinator's Summer 2021 batch, gaining early backing. In March 2026, ARQ closed a $70 million Series B co-led by Sequoia Capital and Founders Fund, one of the largest fintech rounds in the region amid a funding downturn. The same period marked its rebrand to ARQ, reflecting expansion from savings into multi-currency accounts, cross-border transfers, and investment products across four Latin American countries. The company reports over $10 billion in annualized transaction volume and two million users, positioning itself as a regional cross-border banking platform.
Fernando Terrés - Co-Founder of ARQ (formerly DolarApp). He played a key role in founding the stablecoin financial app for Latin America. Damien Puig - Lead Platform Engineer at ARQ, responsible for designing, engineering, and scaling the infrastructure. He previously worked at Revolut and Yieldify, focusing on DevOps and site reliability.