Kast Launches Stablecoin Business Platform After $80 Million Raise

Stablecoin payments company Kast is expanding into corporate finance with KAST Business, a platform combining virtual accounts, card issuance and international transfers. The offering targets companies managing money across borders and currencies, where conventional banking arrangements can involve multiple intermediaries, slower settlement and added foreign-exchange costs. Kast is positioning stablecoin infrastructure as the underlying rail for a more integrated business payments service.

Kast launched the platform after completing an $80 million funding round. KAST Business supports more than 20 currencies and offers annualized yields of as much as 8% on idle balances, according to the company. The rollout marks a push beyond Kast’s existing payments operations into business accounts and treasury services, with the company aiming to bring as many as 5,000 businesses onto the platform by the end of 2026.