KAST is a global financial platform that enables users to store, earn, move, and spend stablecoins across 170+ countries. The service provides users with USD bank accounts, up to 10% APY on assets, and crypto cards for spending at 150 million merchants. This ecosystem allows global earners and remote workers to access borderless USD banking and integrated crypto utility without traditional banking friction.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individuals seeking to utilize stablecoins for everyday transactions face friction due to the limited acceptance of digital assets and the complexities of traditional cross-border finance. This often results in high fees, slow settlement times, and a lack of seamless integration with global merchant networks.
Solution
KAST provides a financial platform that bridges stablecoin utility with traditional payment infrastructure, enabling users to spend and save digital assets globally. The service offers USD-denominated accounts and virtual or physical payment cards that are accepted by over 100 million merchants worldwide. Users can deposit supported stablecoins, such as USDT, USDC, and USDe, and access their funds for purchases or withdrawals from ATMs, bypassing conventional banking intermediaries and associated fees. The platform emphasizes rapid account and virtual card issuance, allowing for near-immediate transaction capabilities.
Target Audience
The primary users are global citizens and cryptocurrency holders who wish to leverage their stablecoins for everyday spending and international transactions without the complexities of traditional financial systems.
Features
- USD-denominated accounts for stablecoin deposits (USDT, USDC, USDe)
- Virtual and physical payment cards compatible with Visa networks
- Global acceptance at over 100 million merchants and ATMs
- Instant virtual card issuance within minutes of account setup
- Support for adding cards to mobile wallets like Apple Pay and Google Pay
- Secure platform utilizing Web3 technologies with fully reserved funds
- Mobile application for account management, transaction tracking, and card control
- Potential for tiered card offerings with enhanced rewards or benefits (e.g., KAST Points)