Stablecoin payments company Kast has launched a new business platform offering accounts, payment cards, cross-border transfers, and yield-bearing balances. The platform aims to onboard 1,000 to 5,000 businesses by the end of 2026.
Kast's new platform aims to bridge traditional business finance with stablecoin capabilities, offering competitive yields and cashback incentives, potentially attracting businesses seeking alternative payment and treasury solutions.
Stablecoin payments company Kast has launched its KAST Business platform, integrating business accounts, payment cards, cross-border transfers, and yield-bearing balances. The platform allows companies to receive funds through fiat virtual accounts, deposit supported stablecoins and crypto, issue virtual cards, and make local payouts in over 20 currencies across more than 170 countries, though availability varies by jurisdiction.
Kast's platform offers an annual percentage yield of up to 8% on idle balances, generated through short-term US Treasurys and stablecoin yield, alongside up to 3% cashback on purchases. As a financial technology company, Kast utilizes licensed partner institutions for its regulated services.
The launch follows Kast's successful $80 million funding round in March, which valued the company at $600 million. The raised capital is earmarked for product development, securing licenses, and expanding its presence in North America, Latin America, and the Middle East. To support its business platform rollout, Kast recently appointed former US Securities and Exchange Commission adviser Stephanie Allen to lead policy communications.
Kast reports having over 1 million users and has set an ambitious target to onboard between 1,000 and 5,000 active businesses to its new platform by the end of 2026.