Yellow Card Raises $40 Million to Expand Bank Stablecoin Network

Yellow Card is a business-to-business stablecoin infrastructure provider focused on emerging markets, connecting local-currency payment rails with dollar-backed digital tokens. The company said in October 2025 that it would discontinue its retail app, with consumer access ending Jan. 1, 2026, as it shifted fully toward banks, fintechs and corporate clients. Its model seeks to make cross-border dollar transfers faster and less capital-intensive by using blockchain settlement, challenging correspondent-banking networks built around Swift and the need to pre-fund accounts across multiple jurisdictions.

In August 2026, Yellow Card announced $40 million in strategic equity financing, taking total capital raised to more than $120 million. The company plans to use the proceeds to expand its B2B stablecoin infrastructure in Latin America and Asia-Pacific and deepen partnerships with commercial banks worldwide. Yellow Card is positioning its platform as a processing layer through which lenders can handle stablecoins and move dollars across borders, extending a network first built in Africa into new payment corridors and bringing blockchain-based settlement closer to mainstream banking.