fintech / news / / CoinDesk
KAST is building a platform that helps people and businesses move money across borders using stablecoins.
KAST raised $80 million in Series A funding, led by QED Investors and Left Lane Capital.
KEY POINTS
- KAST's platform has reached over 1 million users and processes $5 billion in annualized volume.
- The company is valued at $600 million following this round, per sources cited by Bloomberg.
- Only about 1% of last year's $35 trillion stablecoin activity was real-world payments, per McKinsey.
COMPANIES
Summarized by Newsio from CoinDesk. How we summarize →