ARQ (ex DolarApp)
ARQ
A stablecoin-based cross-border payments app with over 2 million customers, multi-currency support and a remunerated USDC account with tiered yield: 2% APY on the free tier, 3.5% with Premium ($6.99/month) up to 4.5% with Prestige. The service is focused on the Latin American market and has recently rebranded from DolarApp.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | dedicato |
| Multi-currency | Yes · 2 currencies |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| Interest on balance | 2% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | LATAM, US, EEA · 10+ countries |
| Regulator | partner bank regulator |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | none (fintech partner) |
Plans & pricing
Strengths
- 2M+ clients; stablecoin cross-border; USDC up to 4.5% APY (2% on the free tier); multi-currency.
- No notable sovereignty advantage documented.
Weaknesses
- Focus LATAM; recente rebrand.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
The B rating reflects a solid but incomplete foundation: custody is centralised, KYC is full, and the USDC yield (from 2% free up to 4.5% with Prestige) comes from an app leaning on a partner bank, yet regulation stays undefined in LATAM with no dedicated regulator protecting the user. For those seeking protection, the reliance on the partner bank's regulator and the recent rebrand from DolarApp warrant caution about how sustainable the yield is.
Through this lens ARQ is unconvincing: it is fully custodial, enforces full KYC, and runs on third-party centralised stablecoins, so the user never controls their keys and is exposed to freeze risk. Operating on Ethereum alone does not offset the complete absence of self-custody and censorship resistance.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is ARQ (ex DolarApp) a real bank?
ARQ (ex DolarApp) is a digital financial service. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with ARQ (ex DolarApp)?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does ARQ (ex DolarApp) support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does ARQ (ex DolarApp) support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from ARQ (ex DolarApp)?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Legal name Data verified on Jun 15, 2026
- help.arqfinance.com Plans & pricing · Savings interest · Variante stablecoin · On-chain crypto withdrawals Data verified on Jul 18, 2026
- kaszek.com Company profile Data verified on Jun 14, 2026
- passageirodeprimeira.com Plans & pricing Data verified on Jun 14, 2026
Show 3 more sources
- trustpilot.com Trust & safety Data verified on Jun 14, 2026
- ventureburn.com Issuer Data verified on Jun 14, 2026
- arq.app Plans & pricing · Regulatory framework Data verified on Jun 13, 2026