KAST plans to reach $100 million in annual revenue in 2026 by expanding globally, securing licenses in multiple regions, and building regulatory-compliant operations.

KAST, a stablecoin-driven cross-border payments platform, has raised $80 million in a Series A led by QED Investors and Left Lane Capital, valuing the company around $600 million.

Product priorities include making stablecoin management as easy as using a traditional bank account, while recruiting talent from both traditional finance and crypto sectors.

Market context shows stablecoin market cap reaching about $313 billion in March 2026, driven by payments use cases and infrastructure investments.

The new funding will accelerate international expansion—particularly in North America, Latin America, and the Middle East—plus hiring, licensing, and product development to support growth.

KAST’s platform connects digital dollars to local payout systems in supported markets to cut time, cost, and steps in cross-border transfers.

Co-founder Raagulan Pathy has stressed stablecoins’ potential to improve banking openness and speed, contrasting it with current inefficiencies.

Stablecoin usage is rising, with payments processors like PayPal and Stripe integrating stablecoin functionality and current data showing increasing legitimate stablecoin activity.

The broader stablecoin market is expanding, with USD-pegged stablecoins nearing $297 billion in supply and major growth in on-chain activity, alongside record market caps and transaction volumes in 2026.

Industry trends point to digital dollar accounts bridging traditional banking and decentralized finance, with regulators focusing on AML compliance and cross-market reporting.

Regulatory compliance and transparency are framed as essential for long-term leadership, with ongoing licensing efforts and strict adherence to rules.

2025 saw about $33 trillion in stablecoin transactions (a 72% rise), with rising regulatory activity in the U.S. and growing VC interest in digital-dollar accounts and stablecoin infrastructure.