DolarApp
Digital-dollar accounts (USDc) that let LatAm users escape peso volatility with a card.
Digital-dollar accounts for LatAm.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from DolarApp’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Mexico City, MX |
| Founded | 2021 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026 |
| Card | MC · Debit |
| Cashback | 2% USDc on spend |
| Yield | Yield on USDc |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Mexico, Argentina, Colombia, Brazil |
| Founders | Fernando Terrés, Zach Garman (ex-Revolut) |
| Funding | ~$60M+ raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @DolarApp ↗
Common questions about DolarApp
What is DolarApp?
DolarApp is a fiat-and-crypto neobank, headquartered in Mexico City, MX and founded in 2021. Your money is held custodially, so DolarApp or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026).
Does DolarApp have a card, and where can you use it?
It issues a Mastercard debit card. It is available in 4 countries, across Latin America.
Does DolarApp require KYC?
Yes. DolarApp requires identity verification (KYC) to open an account, as a partner-bank model.
What does DolarApp cost?
From the verified fields: cashback 2% USDc on spend; yield Yield on USDc. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with DolarApp before relying on them.
Early investors
Peers
Revolut · Mercado Pago · Crypto.com · Binance Card · Bybit Card · OKX Card
DolarApp appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Latin America (113) · Neobanks that issue a Mastercard (150) · Neobanks in Mexico (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.