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Project Overview
KAST is a cryptocurrency card for stablecoin and cryptocurrency spending, designed for individuals who want to save, earn and spend on-chain.
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Kast launches stablecoin business platform after $80 million fundraise
Odaily News: Stablecoin payment company Kast has launched the KAST Business platform, integrating corporate accounts, payment cards, cross-border transfers, and stablecoin yield-bearing balances. The platform provides services through stablecoin infrastructure.Kast stated that businesses can receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in more than 20 currencies. The platform's services cover over 170 countries and regions, though specific availability varies by jurisdiction. Idle balances earn up to 8% annualized yield, with up to 3% cashback on spending also available.Kast is a fintech company rather than a bank, and regulated services are provided by licensed partner institutions. In March, Kast completed an $80 million fundraise at a $600 million valuation, which will be used for product development, license acquisition, and expanding into North America, Latin America, and the Middle East. The company claims to have over 1 million users and plans to attract 1,000 to 5,000 active businesses by the end of 2026. (Cointelegraph)
From Niche to Mainstream: Crypto Payment Card Spending Reaches $750 Million in July, a New All-Time High
a16z crypto officially stated on X platform that stablecoin card payments are gradually gaining traction, with crypto payment cards evolving from a novelty to surpassing $750 million in monthly spending. These payment cards allow people to use cryptocurrency for purchases at any location that accepts traditional card networks. The accompanying infographic shows that crypto payment cards such as ReddotPay, EtherFi, and KAST recorded $750 million in spending in July.