Yellow Card completes acquisition of GoMoney, officially entering the Brazilian market.

Stablecoin payment provider Yellow Card has completed its acquisition of Brazilian virtual asset service provider GoMoney for an undisclosed sum. GoMoney, headquartered in São Paulo, will operate as a wholly owned subsidiary of Yellow Card, run by the founding team. Through this acquisition, Yellow Card will operate in Brazil, providing customers with local Brazilian Real payment services, including Pix, and settling transactions in stablecoins. GoMoney has applied for a virtual asset servicer license from the Central Bank of Brazil and will operate under a transitional system during the approval process.