Stablecoin payments infrastructure provider Yellow Card has acquired GoMoney, a Brazilian virtual asset service provider (VASP), giving it direct operations in Brazil for the first time.

The deal, completed in October, strengthens Yellow Card’s presence in Latin America as part of a wider strategy to expand its global financial infrastructure network. Financial terms were not disclosed.

For Yellow Card’s clients, the acquisition adds local collections and payouts in Brazilian reais, including through the country’s Pix instant payment system, with settlement in stablecoins. These services will be delivered through a locally established provider and integrated with the treasury and liquidity services Yellow Card offers in its other markets.

“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively,” said Chris Maurice, co-founder and CEO of Yellow Card.

“GoMoney has built a strong foundation in Brazil over the last eight years, and bringing our businesses together will allow us to deliver greater value to customers while accelerating our long-term ambitions.”

Founded in 2018 and headquartered in SĂŁo Paulo, GoMoney lets international businesses accept payments from customers in Brazil, including via Pix, and settle in digital assets. It will remain a wholly owned subsidiary of Yellow Card, led by its founders.

GoMoney has applied to the Banco Central do Brasil (BCB) for authorisation to operate as a VASP under the country’s new virtual asset rules. It continues to operate under Brazil’s transitional regime while the application is reviewed.

“We have spent the last eight years building a virtual asset service provider business in Brazil focused on using stablecoins as a means of effecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period,” said Maurício Pires, founder and CEO of GoMoney.

Brazil’s stablecoin boom

According to Chainalysis, Brazil recorded US$252.5 billion in cryptocurrency activity between July 2025 and June 2026, making it Latin America’s largest crypto market. Stablecoin activity in the country grew 495% over the report’s 2024 to 2026 comparison period, driven in part by business uses such as cross-border transfers and liquidity management.

The acquisition follows Yellow Card’s US$40 million funding round in August 2026, which included investment from Standard Chartered and Sony. The company has also recently secured regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana and Zimbabwe.

Yellow Card supports more than 50 currencies and serves financial institutions, fintechs and multinationals that need access to US dollars, treasury management and cross-border payments.

The company said it will now focus on deepening its presence in strategic markets, expanding its product capabilities and strengthening the partnerships needed to support businesses operating globally.

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