Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

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

Latest NewsPublishedSep 1, 2026

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 introduced a platform combining business accounts, payment cards, cross-border transfers and yield-bearing balances on stablecoin rails. 

Kast stated 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 stated 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. 

Kast is a financial technology company rather than a bank, with regulated services provided through licensed partner institutions. 

The launch comes after Kast raised $80 million at a reported $600 million valuation in March. The company stated it would utilize the funding to develop products, secure licenses and expand across North America, Latin America and the Middle East. 

Kast subsequently hired former US Securities and Exchange Commission adviser Stephanie Allen to lead policy communications as it prepared the business-platform rollout. 

Kast claims more than 1 million users and aims to onboard between 1,000 and 5,000 active businesses by the end of 2026. 

Related: Mirae Asset lays out crypto, stablecoin, tokenization plans for Digital X

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• Stablecoin
• Payments
• Institutions
• Startups

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