Kast Unveils Business Platform with Stablecoin-Powered Features

Kast has launched its KAST Business platform, which combines business accounts, payment cards, cross-border transfers, and yield-bearing balances on stablecoin rails.

The platform allows companies to receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto, issue virtual cards, and make local payouts in more than 20 currencies.

Kast serves over 170 countries, although availability varies by jurisdiction. The company claims that its platform offers up to 8% annual percentage yield on idle balances, generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback on purchases.