Kast Unveils Business Platform with Stablecoin-Powered Services

Kast has launched its new business platform, combining various financial services under one roof. The KAST Business 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.

The company claims that its platform offers up to an 8% annual percentage yield on idle balances, which is generated through short-term US Treasurys and stablecoin yields. Additionally, Kast says it provides up to 3% cashback on purchases.

Kast has raised $80 million at a reported $600 million valuation in March and aims to onboard between 1,000 and 5,000 active businesses by the end of 2026.