Stablecoin-Powered Kast Business Platform Launches with $80M Raise

Kast has launched its stablecoin-powered business platform after raising $80M. The KAST Business platform offers various features, including business accounts, payment cards, cross-border transfers, and yield-bearing balances on stablecoin rails.

The company claims it serves over 170 countries, with availability varying by jurisdiction. On the platform, businesses can 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 aims to onboard between 1,000 and 5,000 active businesses to its new platform by the end of 2026. The platform also offers up to 8% annual percentage yield on idle balances and up to 3% cashback on purchases, which Kast generates through short-term US Treasurys and stablecoin yield.