PANews|Sep 01, 2026 13:14
[Kast Launches Stablecoin Settlement and Wealth Management Platform for Businesses]
According to Cointelegraph, stablecoin payment company Kast has launched the "KAST Business" platform, offering global enterprises business accounts, payment cards, cross-border transfers, and wealth management services based on stablecoins. Businesses 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 provides up to 8% annualized returns on idle funds, sourced from short-term U.S. Treasury bonds and stablecoin yields, and offers up to 3% cashback on spending. Kast previously raised $80 million in funding, with a valuation of approximately $600 million, aiming to expand into the North American, Latin American, and Middle Eastern markets. The company claims to have over 1 million users and targets onboarding 1,000 to 5,000 active businesses by the end of 2026.
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