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Yellow Card Secures $40 Million to Expand into Latin America & Asia-Pacific
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TechMoran
Yellow Card, the stablecoin infrastructure provider, has raised $40 million to scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand its operations in Latin America and Asia-Pacific.
But the bigger opportunity now is connecting banks themselves to stablecoin rails,” said Chris Maurice, CEO and Co-Founder of Yellow Card.
Global USD Accounts are already used and trusted by many of Yellow Card’s customers, including Visa and Western Union.
Yellow Card has facilitated over $10 billion in transactions across its network.
The investment from Sony Innovation Fund reflects growing institutional interest in stablecoins for payments globally and will allow Yellow Card to deepen its reach in Asia-Pacific.