Stablecoin firm Yellow Card target Brazil through GoMoney acquisition
Stablecoin payments infrastructure provider Yellow Card has set its sights on Brazil after acquiring local virtual asset service outfit GoMoney. Financial terms were not disclosed.
Yellow Card, a stablecoin payments infrastructure provider based in Nigeria, has acquired Brazilian crypto firm GoMoney, marking an expansion of its operations in Latin America. The acquisition, announced on November 5, grants Yellow Card direct operations in Brazil, allowing it to offer local collections and disbursements in Brazilian reais through payment channels like Pix, alongside stablecoin settlement services.
GoMoney, a virtual asset service provider founded in 2018 and headquartered in São Paulo, will continue to operate as a wholly owned subsidiary of Yellow Card under the leadership of its founders. This acquisition is part of Yellow Card's broader strategy to expand its global financial infrastructure network and provide businesses with cross-border payment, treasury, and liquidity services across more markets.
Brazil has emerged as the largest cryptocurrency market in Latin America, with $252.5 billion in cryptocurrency activity recorded between July 2025 and June 2026, and stablecoin activity increasing by 495% between 2024 and 2026.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
