Odaily Planet Daily reports that stablecoin payment company Kast has launched the KAST Business platform, integrating corporate accounts, payment cards, cross-border transfers, and stablecoin yield balances. The platform delivers services through stablecoin infrastructure.
Kast stated that businesses can receive fiat payments through regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in over 20 currencies. Platform services are available in more than 170 countries and regions, with specific availability varying by jurisdiction. Idle balances earn up to an 8% annualized yield, with additional cashback of up to 3% on purchases.
Kast is a fintech company, not a bank; regulated services are provided by licensed partner institutions. Kast raised $80 million in March at a $600 million valuation, with funds allocated toward product development, license acquisition, and expansion into North America, Latin America, and the Middle East. The company reports over 1 million users and aims to attract 1,000 to 5,000 active businesses to its platform by the end of 2026. (Cointelegraph)