Yellow Card raises $40M for stablecoin expansion in emerging markets
In brief
- Yellow Card raised $40 million in strategic funding from SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital
- Total equity financing now exceeds $120 million
- Expansion targets Latin America and Asia-Pacific regions
- Yellow Card has processed $10 billion in transaction volume across 50+ currencies and holds 22 jurisdiction licenses
Strategic Backers and Product Focus
SC Ventures, Sony Innovation Fund, Polychain Capital, and Blockchain Capital all participated in the round. Yellow Card's flagship offering, Global USD Accounts, provides businesses with dollar-denominated accounts that embed stablecoin functionality directly into the banking experience.
The product reflects a core insight: legacy correspondent banking systems fail businesses in developing economies that need reliable dollar access. Yellow Card has processed over $10 billion in transaction volume across more than 50 currencies and holds licenses in 22 jurisdictions, positioning the company as a bridge between traditional finance and blockchain infrastructure.
Expansion and Strategic Partnerships
The company plans to use the funding to expand Global USD Accounts into Latin America and Asia-Pacific. This geographic push reflects growing demand for dollar-denominated services in regions where currency volatility and banking infrastructure gaps remain persistent challenges.
Yellow Card's expansion is underpinned by partnerships with major payment networks and platforms. The company has established strategic relationships with Visa, Mastercard, Western Union, PayPal, and Coinbase. The Mastercard partnership was announced in May 2026, signaling mainstream payment infrastructure's increasing openness to stablecoin settlement rails.
"businesses in developing economies need reliable access to dollars, and the legacy correspondent banking system is particularly bad at delivering that" — Chris Maurice, CEO of Yellow Card
The funding round underscores investor conviction that stablecoin infrastructure—when properly licensed and regulated—addresses real friction in global payments. Yellow Card's approach avoids speculative tokenomics in favor of practical rails that connect emerging-market businesses to dollar liquidity at lower cost and faster settlement than traditional correspondent banking.
