Yellow Card raises $40M to expand stablecoin infrastructure

Yellow Card, a stablecoin payment infrastructure provider, has raised $40 million in a strategic funding round to expand its global operations and compete with traditional interbank systems. The investment, announced on August 4, 2026, brings the company's total equity financing to over $120 million.

The funding round was led by SC Ventures, the investment arm of Standard Chartered, with participation from Sony Innovation Fund, Polychain Capital, and Blockchain Capital. While the company did not confirm a specific valuation, a person familiar with the matter indicated it is significantly higher than the $200 million valuation recorded in 2022, though still below $1 billion.

Yellow Card plans to use the new capital to scale its Global USD Accounts product, a dollar-denominated account service for businesses, and to expand stablecoin and local currency payment rails in Latin America and the Asia-Pacific region. The company's CEO, Chris Maurice, stated the immediate future of the industry points toward payments flowing directly between banks on blockchain networks, potentially eliminating intermediary payment companies. He framed the company's founding ambition as competing with...