Stablecoin payments firm Kast has rolled out KAST Business, a new platform that bundles business accounts, payment cards, cross-border transfers and yield-bearing stablecoin balances, according to Cointelegraph. The company said businesses can receive funds through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards and make local payments in more than 20 currencies. KAST Business is available across more than 170 countries and regions, though access depends on the jurisdiction. Kast said idle balances can earn up to 8% annualized yield, while card spending can qualify for as much as 3% cashback. The company also said it is a fintech firm rather than a bank, and that regulated services are offered through licensed partners. In March, Kast completed an $80 million funding round at a $600 million valuation. The company said the capital will be used for product development, licensing and expansion in North America, Latin America and the Middle East. Kast added that it now has more than 1 million users and aims to bring in 1,000 to 5,000 active businesses by the end of 2026.
ChainCatcher reported, citing Cointelegraph, that stablecoin payments company Kast has launched KAST Business, a platform that combines business accounts, payment cards, cross-border transfers and yield-bearing stablecoin balances.
KAST Business combines payments and treasury functions
The platform runs on stablecoin infrastructure. Kast said businesses can receive payments through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards and make local payments in more than 20 currencies.
Availability and balance incentives
Kast said the service covers more than 170 countries and regions, although actual availability varies by jurisdiction. Idle balances can earn up to 8% annualized yield, and card spending offers cashback of up to 3%.
Funding, structure and targets
The company said Kast is a fintech firm rather than a bank, with regulated services provided by licensed partner institutions. In March, Kast raised $80 million at a $600 million valuation. The company said the proceeds will go toward product development, licensing efforts and expansion across North America, Latin America and the Middle East.
Kast said it currently has more than 1 million users and plans to attract between 1,000 and 5,000 active businesses by the end of 2026.
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