Stablecoin Infrastructure Provider Yellow Card Completes $40 Million Strategic Fundraising

BlockBeats News, August 4th - Global stablecoin infrastructure provider Yellow Card announced today that it has completed a $40 million strategic financing round. Investors include SC Ventures, a subsidiary of Standard Chartered Bank, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors.

This funding round will be used to expand the Global USD Accounts (Yellow Card's end-to-end dollar account for businesses) and to further expand the stablecoin rails connecting global markets. Yellow Card's total equity financing has exceeded $1.2 billion.