Stablecoin Payments Firm KAST Raises $80 Million Amid Explosive Market Growth
Source Beincrypto
Stablecoin payments firm KAST has reportedly closed an $80 million funding round co-led by QED Investors and Left Lane Capital.
The proceeds will fund expansion across North America, Latin America, and the Middle East, as well as hiring, licensing, and product development.
Why it matters:
- A $600 million valuation for an early-stage stablecoin payments firm signals rising institutional conviction in fiat-denominated blockchain rails.
- QED and Left Lane backing distinguish this from pure crypto-native fundraises.
The details:
- According to Bloomberg, the round’s terms were settled in October.
- The latest fundraising round valued the company at $600 million.
- KAST previously raised capital in a December 2024 seed round. It was led by HongShan Capital (formerly Sequoia China) and Peak XV Partners.
- The company expects $100 million in annual revenue run rate in 2026.
The big picture:
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Silver futures surged past $117 on January 29, extending a historic rally with 275% gains over the past year. A severe physical supply crunch is driving the surge. Warehouse inventory now covers just
BitMine, the largest corporate holder of Ethereum, has capitalized on the digital asset’s recent price volatility to expand its treasury holdings.On February 7, blockchain analysis platform Lookonchai
Solana (SOL) price enters April 2026 under pressure. March is closing at roughly -0.88%, extending a red streak that now stretches six consecutive months since October 2025.A head-and-shoulders breakd
April 2026 brings a fresh set of meme coins to watch as technical setups, derivatives shifts, and concentrated wallet structures create potential turning points across multiple tokens.BeInCrypto analy
NVIDIA (NVDA) stock price surged roughly 8% between March 30 and April 1, reclaiming $175.75 after weeks of selling pressure.The rally had clear catalysts. However, underneath the optimism, institutio
