We work in constructive mathematics.
The sets and functions in the foundations form a Grothendieck topos, which means that all colimits exist, and in particular, that all sequential colimits exist. Given a sequence of sets $A_n$ and a sequence of functions $f_n:A_n \to A_{n + 1}$, the sequential colimit of the diagram
$$A_0 \overset{f_0}\to A_1 \overset{f_1}\to A_2 \overset{f_2}\to \ldots$$
is the set $A_\infty$ with a sequence of functions $i_n:A_n \to A_\infty$ where $i_{n + 1}(f_{n}(e)) = i_{n}(e)$ for all elements $e \in A_n$, such that for any other set $B$ and sequence of functions $j_n:A_n \to B$ where $j_{n + 1}(f_{n}(e)) = j_{n}(e)$ for all elements $e \in A_n$, there is a unique function $u_B:A_\infty \to B$ such that for all natural numbers $n$ and for all elemenets $e \in A_n$, $u_B(i_n(e)) = j_n(e)$.
Let $F$ be an Archimedean ordered field. $F$ is Cauchy complete if every Cauchy sequence in $F$ converges.
Now, let us begin with the set of rational numbers $\mathbb{Q}$. By taking the quotient set of equivalent Cauchy sequences of rational numbers, one gets the Cauchy real numbers $\mathbb{R}_C$ with a unique injective field homomorphism $\mathbb{Q} \hookrightarrow \mathbb{R}_C$. The Cauchy real numbers, constructed in this manner, cannot be proven to be Cauchy complete in constructive mathematics, however.
Now, instead of the rational numbers $\mathbb{Q}$, one could take any Archimedean ordered field $F$, and perform the same construction as above: by taking the quotient set of equivalent Cauchy sequences of elements of $F$, one gets another Archimedean ordered field which is denoted here as $\mathrm{QuotCauchy}(F)$, with a unique injective field homomorphism $F \hookrightarrow \mathrm{QuotCauchy}(F)$. If $F$ is already Cauchy complete, then the field homomorphism is a field isomorphism, but this usually cannot be proven for arbitrary Archimedean ordered fields $F$ in constructive mathematics.
This implies that one could repeatedly construct the quotient set of Cauchy sequences starting from the rational numbers, yielding a sequence of unique injective field homomorphisms between Archimedean ordered fields
$$\mathbb{Q} \hookrightarrow \mathrm{QuotCauchy}(\mathbb{Q}) \hookrightarrow \mathrm{QuotCauchy}^2(\mathbb{Q}) = \mathrm{QuotCauchy}(\mathrm{QuotCauchy}(\mathbb{Q})) \hookrightarrow \ldots$$
Is the sequential colimit of this diagram above a Cauchy complete Archimedean ordered field? If it is, is it the initial Cauchy complete Archimedean ordered field?