Kast Launches Stablecoin Business Platform with Up to 8% APY

Kast has launched its KAST Business platform, offering a stablecoin-based business solution for companies worldwide. The platform combines fiat accounts, stablecoin deposits, virtual cards, and local currency payouts in over 170 countries.

Businesses can earn up to 8% APY on idle balances and receive up to 3% cashback through the use of virtual cards. Kast operates as a fintech company rather than a bank, using licensed partners for regulated services.

The company plans to bring between 1,000 and 5,000 active businesses onto its platform by the end of 2026. As part of this expansion, Kast has appointed former U.S. Securities and Exchange Commission senior adviser Stephanie Allen as head of corporate and policy communications.