KAST | Crypto

Kast aims to onboard between 1,000 and 5,000 active businesses to its new platform by the end of 2026. Stablecoin payments company Kast has launched a platform combining business accounts, payment cards, cross-border transfers and yield-bearing balances on stablecoin rails.  Kast said its 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 said it serves more than 170 countries, although availability varies by jurisdiction.  The platform offers up to 8% annual percentage yield on idle balances, which Kast says is generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback on purchases.  Read more

Stablecoin payments company Kast hired former SEC adviser Stephanie Allen as it expands licensing, communications and policy efforts after an $80 million raise. Stablecoin payments company Kast Kast has hired former US Securities and Exchange Commission (SEC) communications official Stephanie Allen as head of corporate and policy communications, as the company builds out its licensing and policy operation following an $80 million funding round last month. Kast said Thursday that Allen will work with senior leadership on policy and communications as the company prepares to launch Kast Business and expand further across North America, Latin America and the Middle East. The company said the hire is tied to its next phase of growth and regulatory engagement. Allen previously served as acting director of the SEC’s Office of Public Affairs and earlier held senior media relations and speechwriting roles at the agency. Kast said she also advised the SEC’s Crypto Task Force, though that role does not appear in the SEC...

Stablecoin banking startup Kast secured fresh funding as it looks to expand payment infrastructure across North America, Latin America and the Middle East. Stablecoin payments company Kast has raised $80 million in a funding round that values the company at $600 million, according to a Bloomberg report on Monday citing people familiar with the matter. The round was co-led by QED investors and Left Lane Capital, and Kast expects an annual revenue run rate of around $100 million in 2025, according to Bloomberg. The company reportedly plans to use the funding to expand across North America, Latin America and the Middle East, while also adding staff, securing licenses and developing new products. Read more

Brad Jaffe, the former global communications leader at Binance, becomes chief communications officer at KAST.