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KAST closes $80M Series A at $600M valuation to scale stablecoin payments, compliance and dev tools

KAST closed an $80 million Series A to expand its stablecoin payments infrastructure, pursue licensing and compliance, and roll out new developer and enterprise tools.

2h agoMar 9, 2026, 1:23 PMNewsroom AI

Stablecoin payments platform KAST has raised $80 million in a Series A round at a $600 million valuation to fund product expansion, licensing and compliance as it scales cross‑border stablecoin payments [3][1].

The funding will be used to enhance infrastructure for instant settlements using USDC and to reduce merchants' exposure to fiat volatility; KAST also plans to broaden support for USDT and DAI and target geographic growth in Latin America, the Middle East and Asia [1].

Product plans announced alongside the raise include upgraded APIs, mobile solutions and enterprise analytics tools to support merchant and partner integrations as the company pursues regulatory approvals and market expansion [1][4].

KAST intends to deploy the $80 million to strengthen compliance, expand stablecoin settlement options and build developer and enterprise-facing products to scale its cross-border payments business [3][1].

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