Platform Launch
Stablecoin payments firm Kast has rolled out KAST Business, a platform that puts corporate accounts, payment cards, cross-border transfers, and stablecoin balances that generate yield in one place. It all runs on stablecoin rails.
Key Features
Kast says businesses can accept payments through fiat virtual accounts from regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and send local payments in more than 20 currencies. The platform reaches more than 170 countries and regions, but access depends on the jurisdiction. And idle balances can earn up to 8% annualized yield, plus 3% cashback on spending.
Compliance and Regulation
Kast stressed that it is a fintech company, not a bank. Regulated services are handled by licensed partner institutions. Simple setup. This structure keeps the company compliant while giving businesses flexible tools for managing digital assets.
Funding and Expansion
In March, Kast closed an $80 million funding round at a $600 million valuation. The company said the proceeds are earmarked for product development, licensing, and expansion across North America, Latin America, and the Middle East. Right now, Kast has more than 1 million users and wants to bring in 1,000 to 5,000 active business clients by the end of 2026.