Official announcements from KAST — funding, partnerships, leadership and market launches.
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KAST has launched KAST Business, a stablecoin-native financial platform for fast-growing companies that earn, hire and pay across borders. Accounts, cards, global transfers, cashback and access to treasury-backed yields sit in one dashboard, settling 24/7 across supported markets.
KAST Reserve pays 6 to 12% rewards on USD balances that stay spendable worldwide. The opening rate is capped at an aggregate $100 million, stepping down to 4 to 8% from January 2027.
Connor Fitzgerald has joined KAST as U.S. General Manager, leading the company's U.S. business, launching KAST Business and building the local team. He joins from Bridge, now part of Stripe, where he built the global stablecoin card program.
KAST has officially joined The Digital Chamber, a leading global blockchain and digital asset advocacy organization. As stablecoins reshape the future of finance, we're committed to helping build a regulatory environment that encourages innovation, accessibility, and responsible growth. Through this membership, KAST will contribute to industry conversations shaping the next chapter of digital finance.
KAST has launched USD stablecoin cashback, letting users earn up to 3% on card spend in value they can use the moment they receive it.
Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined KAST as Head of Corporate and Policy Communications, working alongside Brad Jaffe as the company targets growth in the US.
COP is now live in KAST. You can now send and receive Colombian Pesos directly in the app. That means easier local transfers, flexible money movement between COP and crypto, and a simpler way to manage funds in and out of Colombia. Whether you are paying contractors, receiving client payments, or sending money home, KAST COP pay ins and payouts help you move money faster with fewer steps.
KAST has raised $80 million in a Series A co-led by QED Investors and Left Lane Capital, with participation from Peak XV Partners, HSG and DST Global Partners. The capital funds expansion across Latin America, North America and the Middle East alongside licensing, compliance and product development.
Brad Jaffe, who led global communications at Binance for more than three years, has joined KAST as Chief Communications Officer, overseeing global communications, brand positioning and stakeholder engagement.
KAST has partnered with Web3 brand Pudgy Penguins to launch the PENGU Card, an IP-backed stablecoin card offered in Standard, Premium and Private tiers, starting as a virtual card with physical versions to follow.
KAST has launched Earn Vaults with DeFi risk manager Gauntlet, letting users earn 5-9% rate on USDC and USDT with no lock-ups and spend the balance with their KAST Card.
KAST has expanded Global Payouts with 11 new local currencies including GBP, EUR and CAD, plus several across Asia Pacific, letting users convert stablecoins straight into their local currency.