Yellow Card raises $40m to expand stablecoin rails across 50+ countries

Yellow Card has closed a $40m strategic funding round to push its stablecoin infrastructure into new international markets. For PSPs and banks watching the high-risk stack, the point is simple: the company is trying to turn stablecoin settlement into an operational rail, not just a crypto sidecar.

1. The round included SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital, plus other strategic investors. It takes Yellow Card’s total equity financing beyond $120m.
2. Fresh capital will go into scaling Global USD Accounts, Yellow Card’s end-to-end dollar account product for businesses, and into broadening the stablecoin rails that connect it to markets around the world. The product lets companies hold US dollars, hold and swap stablecoins, manage treasury operations, and collect and pay out local currencies via domestic rails in more than 50 countries.
3. Yellow Card said the new financing will deepen its presence in Latin America and Asia Pacific while extending the local payment rails and currency coverage needed for global scale. It already counts Visa and Western Union among customers using Global USD Accounts.
4. The company says it has processed upwards of $10bn in transactions across its network, supports over 50 currencies, and holds the relevant licences, authorisations and registrations across 22 jurisdictions spanning North America, Europe and Africa. It also has strategic tie-ups with Visa, Mastercard, PayPal and Coinbase.
5. In comments on the round, Sony Ventures-US managing director Austin Noronha said Sony Innovation Fund is investing across the web3 technology stack and backing Yellow Card as it builds stablecoin infrastructure for emerging markets. Yellow Card CEO and co-founder Chris Maurice said the company’s bigger opportunity now is connecting banks themselves to stablecoin rails.

For high-risk operators, the practical detail is that Yellow Card is not selling a single-market wallet product. It is positioning itself as a cross-border settlement layer with local rails, multi-jurisdiction licensing, and institutional counterparties already on the cap table and customer list.