Kast Unveils Stablecoin-Powered Business Platform with Global Reach

Kast has launched its KAST Business platform, a stablecoin-powered business solution that combines accounts, payment cards, and cross-border transfers. The platform allows companies to receive funds through fiat virtual accounts provided by regulated partners and deposit supported stablecoins and crypto.

The platform serves more than 170 countries, although availability varies by jurisdiction. Kast claims it will offer up to an 8% annual percentage yield on idle balances, generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback on purchases.

Kast is a financial technology company that has raised $80 million at a reported $600 million valuation in March. The company aims to onboard between 1,000 and 5,000 active businesses by the end of 2026, with more than 1 million users already registered.