Kast Launches Stablecoin Settlement and Wealth Management Platform for Enterprises

Kast has launched the "KAST Business" platform, providing global enterprises with business accounts, payment cards, cross-border transfers, and wealth management services based on stablecoins. Companies can open fiat virtual accounts for receiving payments through partnered licensed institutions, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in over 20 fiat currencies. The platform offers up to 8% annual returns on idle funds, sourced from short-term U.S. Treasury bonds and stablecoin yields, and provides up to 3% cashback on spending. Kast previously completed a $80 million funding round, with a valuation of approximately $600 million, and plans to expand into North America, Latin America, and the Middle East. It currently claims to have over 1 million users, aiming to attract between 1,000 to 5,000 active enterprises by the end of 2026.

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