Stablecoin payments platform KAST has raised $113 million in its Series A funding round from two US venture capital firms. KAST operates as a stablecoin-based payments platform. The round’s size and the participation of two US venture capital firms reflect ongoing engagement from investors in the cryptocurrency payments space. The funding round signals sustained interest in crypto-enabled payment infrastructure, with the sizable investment reflecting confidence in KAST’s approach to stablecoins and on-chain settlement.
The two participating US firms highlight broadening interest from capital providers in the crypto payments ecosystem. The capital will be deployed to scale the platform, accelerate product development, and expand merchant onboarding across markets. This round aligns with a broader trend of investors supporting crypto-enabled payments and stablecoin rails.
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