Kast launches stablecoin-powered business platform after $80M raise
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.