Yellow Card acquires GoMoney, expanding stablecoin payments business to Brazil

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Yellow Card has completed its acquisition of Brazilian virtual asset service provider GoMoney, establishing a direct presence in Brazil. GoMoney has applied to Banco Central do Brasil for authorization to operate as a virtual asset service provider and will continue operating under Brazil’s transitional regime while the application is reviewed. The transaction adds local Brazilian real collection and payment services for Yellow Card customers, including through Pix, as well as stablecoin settlement.