Stablecoin payments platform Yellow Card has completed a strategic equity round of $40 million, pushing its cumulative funding past the $120 million mark. The capital will back an expansion plan that includes scaling the Global USD Accounts product and adding stablecoin and local payment options across Latin America and the Asia-Pacific region. Four investors participated in the round: SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. Yellow Card is also working with commercial banks worldwide to handle cross-border dollar transfers on stablecoin rails, positioning the setup as an alternative to the traditional Swift system. Its enterprise offering lets clients hold U.S. dollars, convert them into stablecoins, and send or receive local currency through local payment rails. The platform operates in more than 50 countries. CoinDesk reported the financing news.
$40 million strategic raise
Stablecoin payments platform Yellow Card has closed a $40 million strategic equity round.
Cumulative funding across all rounds now exceeds $120 million.
Expansion plans and investors
Yellow Card plans to expand its Global USD Accounts product and add stablecoin and local payment options in Latin America and Asia-Pacific. SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital participated in the round.
The company is cooperating with commercial banks worldwide to settle cross-border dollar transfers using stablecoins, an approach aimed at replacing the traditional Swift system. Its network covers more than 50 countries.
Enterprise customers can hold U.S. dollars, convert them into stablecoins, and use local payment rails to collect or disburse local currency. CoinDesk reported the funding news.
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