Stablecoin Projects ZAR, Tesser and Loon Raise Funds

Ron Kotli

3 Nov 2025

Stablecoin Projects ZAR, Tesser and Loon Raise Funds. Photo By Ian Talmacs On Unsplash.

Stablecoin Projects ZAR, Tesser and Loon Raise Funds. Photo By Ian Talmacs On Unsplash.

ZAR, Tesser and Loon have all successfully raised funding rounds towards the end of the month, signalling a continued interest from capital allocators into stablecoin-related projects.

ZAR Raises $12.9M Led By a16z

ZAR has revealed it has raised $12.9M led by a16zcrypto, as well as funding from Coinbase Ventures, Dragonfly, Endeavor and VanEck Ventures. The stablecoin payment and savings app running on Solana and originated in Pakistan is now targeting the financial inclusion in developing nations across the Global South.

The company also celebrated with an official X post:

With a ZAR wallet, individuals can both send and receive onchain, as well as open and operate a virtual banking account for accepting traditional bank transfers. Already serving well over 200K users and 35K globally, the team is focused to use the extra capital to scale to other emerging markets, including Africa in 2026.

Tessar Raises $4.5M Led By Castle Island

Tesser has announced it has raised $4.5M led by Castle Island, Anthemis, Strobe Ventures and others to expand the capabilities of enterprises and financial institutions. Specifically, the team focuses on stablecoin payouts, off-ramping and cross-border settlement for traditional banking partners and PSPs (Payment Service Providers).

One of their USPs is entirely focusing on licensed entities who are still yet to enter the digital asset market and wish to have an end-to-end solution in relation to other areas of daily business, including treasury management, reporting and ERP support, as well as a broader policy engine for internal accounts and preferences.

Loon Raises $3M Led By Version One

Loon has revealed it has raised $3M led by Version One, as well as funding from Garage Capital and individual angel cheques to support the building of the first Canadian-backed stablecoin called CADC. The team took over from PayTrie that ran the early issuance and will officially drive forward its scaling and strategic partnerships with exchanges.

Team member Kevin Zhang also announced the company on X:

Loon has its historical reserve attestations reports (those initially conducted by PayTrie) publicly available. Earlier this year, the reserve amount sat at $516,310 and by the end of Q3, nearly doubled to $1,116,696. In its near term plans, the team will continue to expand liquidity via industry partners, such as MetaMask, Aerodrome and Base network.

Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.

Articles may be partly researched and aggregated with the help of AI and do not pertain to be exclusive stories, direct press releases or paid content unless marked as such. Sources used are below.

https://zar.app/blog/zar-raises-12-9m-to-bring-rock-solid-dollars-to-the-global-south

https://www.prnewswire.com/news-releases/tesser-raises-4-5m-seed-round-to-bring-instant-cross-border-payments-to-banks-and-psps-302590774.html

https://www.prnewswire.com/news-releases/loon-raises-3-million-to-build-canadas-regulated-digital-dollar-acquires-cadc-stablecoin-302594051.html

https://loon.finance/transparency