Yellow Card reports suspicious stablecoin transfers to Nigerian authorities
Yellow Card, a licensed stablecoin infrastructure and payments provider operating in more than 50 markets including Nigeria, says it promptly reports suspicious stablecoin transfers to the Nigerian Financial Intelligence Unit to maintain transparency. The company recently raised $40 million from investors including SC Ventures, Sony Innovation Fund and Polychain Capital, taking total equity financing above $120 million; the funding will support Global USD Accounts and stronger stablecoin rails. In June, Yellow Card secured AML affiliation in Switzerland as a supervised financial intermediary and has partnerships with Visa, Mastercard, Western Union, Thunes and MoneyGram, enabling regulated access for banking and institutional clients.
Yellow Card reports suspicious transfers and expands global stablecoin infrastructure
Context
Yellow Card raised $40 million and now operates in over 50 markets. It secured AML affiliation in Switzerland in June. The company may expand payment corridors and regulatory coverage next.
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