Yellow Card raises $40M to connect banks with stablecoin payment processing

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African crypto exchange Yellow Card has secured $40 million in new funding to expand its stablecoin processing infrastructure. The fresh capital is aimed at bridging traditional banks with stablecoin-based payment systems. This latest round brings the company's total funding to over $120 million since its founding a decade ago. Yellow Card has been operating for ten years and continues to grow its financial technology footprint across Africa.

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