Yellow Card, a stablecoin payment platform built for emerging markets, has closed a $40M strategic funding round, taking the total it has raised so far to $129.5M.

The round drew SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital and others. The capital will grow Yellow Card's Global USD Accounts, letting businesses hold USD, swap stablecoins, manage treasury and tap local payment rails across more than 50 countries.