Kast Stablecoin Firm Hits $600M Valuation after $80M Raise: Report
Stablecoin payments firm Kast raised $80 million, achieving a $600 million valuation, co-led by QED investors and Left Lane Capital.Summary
Stablecoin payments company Kast secured $80 million in a new funding round, bringing its valuation to $600 million, according to a Bloomberg report citing sources familiar with the matter. The round was co-led by QED investors and Left Lane Capital. Kast anticipates an annual revenue run rate of approximately $100 million by 2025 and plans to utilize the funds for expansion across North America, Latin America, and the Middle East, alongside hiring, securing licenses, and developing new products. This investment signals continued strong investor interest in stablecoin payment firms despite a broader crypto market downturn. Kast, which previously raised $10 million in a seed round in late 2025, offers payment cards and USD-denominated accounts globally, aiming to improve the speed and efficiency of banking using stablecoins.
(Source：Cointelegraph)