Stablecoin payments platform KAST raises $80 million Series A at $600 million valuation
KAST, a cross-border stablecoin payments platform, secured $80 million in Series A funding at a $600 million valuation.Summary
KAST, a financial platform specializing in cross-border payments using stablecoins, announced it raised $80 million in a Series A funding round led by QED Investors and Left Lane Capital. This funding, which values the company at $600 million, will be used to expand its product offerings, invest in licensing and compliance, and grow its team.
KAST enables users to move money globally using stablecoins, allowing them to earn income internationally, hold digital funds, and spend locally through one system. The company claims to have surpassed 1 million users and processes approximately $5 billion in annualized transaction volume since launching 18 months prior, with revenue doubling since late September 2025.
The platform plans strategic expansion across North America, Latin America, and the Middle East, and intends to roll out KAST Business for payouts and payroll. KAST aims to reduce the time, cost, and complexity associated with international money transfers by connecting digital dollars with local payout systems.
(Source：CoinDesk)