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KAST Raises $80M as Stablecoin Payments Race Heats Up

Key Takeaways

  • KAST closed an $80M Series A at a $600M valuation, co-led by QED Investors and Left Lane Capital
  • The firm surpasses 1 million users and is processing nearly $5B in annualized transaction volume
  • Expansion targets North America, Latin America, and the Middle East alongside a new enterprise product

This funding round was jointly led by QED Investors and Left Lane Capital. KAST previously raised funding in late 2024 with support from HongShan Capital and Peak XV Partners.

The company has reached a major milestone, now serving over 1 million users. They’re currently handling around $5 billion in transactions each year and expect to generate $100 million in annual revenue by the end of 2026. Right now, both their user base and revenue are growing by 15 to 20 percent every month.

KAST has a team of more than 250 people, including experts from leading payment companies like Stripe, Revolut, and Circle – businesses that have shaped the world of digital payments in recent years.

The new funding will be used to expand into North America, Latin America, and the Middle East, and to launch KAST Business, a payment solution for businesses making international transactions. A large part of the investment will also go towards obtaining the necessary licenses and building the systems needed to comply with regulations – which are becoming essential costs for companies working with stablecoins.

Investors see 2026 as a key year for the stablecoin industry. They believe stablecoins are moving beyond simply processing payments behind the scenes and are becoming financial products consumers can use directly, potentially competing with popular neobanks.

These developments coincide with overall trends in the financial market. In March 2026, the total supply of stablecoins reached an all-time high of $313 billion, and their use in payments totaled $390 billion annually, with Asia driving the majority of this activity (around 60%). More and more institutions are also getting involved; both Visa and Mastercard are now using stablecoins to process payments, which helps them avoid the slow and complicated systems of traditional banking.

Mergers and acquisitions are increasing in the fintech industry. Stripe’s purchase of Bridge in 2025 shows that leading companies are working to combine stablecoin technology providers as the market develops.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

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2026-03-09 23:15