Yellow Card acquires Brazilian virtual asset provider GoMoney

Atlanta-based Yellow Card, a stablecoin payments infrastructure provider, completed its acquisition of GoMoney, a virtual asset service provider in Brazil, in October. GoMoney has applied to Brazil's central bank for full authorization and operates under a transitional regime meanwhile. Terms were not disclosed.

Why it matters: The deal gives Yellow Card direct operations in Brazil, including local Pix collections and disbursements.