Stablecoin infrastructure firm Yellow Card raises $40M

Yellow Card said it has raised $40 million in new investment, according to an announcement on its official blog. Participants included SC Ventures, a unit of Standard Chartered, Sony Innovation Fund, Polychain Capital and Blockchain Capital. The latest round brings Yellow Card’s total funding to over $120 million. Yellow Card plans to use the proceeds to expand its "Global USD Accounts" service for businesses and strengthen its connectivity with markets worldwide.