According to BlockBeats news, on December 12, stablecoin payment platform KAST announced the completion of a $10 million seed round financing, led by HongShan and Peak XV.
The funds raised will be used to launch savings products and expand remittance services, while continuing to focus on infrastructure based on stablecoins.
KAST was co-founded by former Circle Asia-Pacific head Raagulan Pathy and former Quona Capital partner Daniel Bertoli, primarily targeting users in emerging markets. It allows users to hold and use stablecoins through traditional payment channels and provides credit card services usable in standard merchant networks, enabling users to spend their stablecoin assets at merchants that do not support crypto payments.
