<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2025/01/24072843/Trumps-New-Crypto-Executive-Order-2025-2-1-375x209.webp 375w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2025/01/24072843/Trumps-New-Crypto-Executive-Order-2025-2-1-662x369.webp 662w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2025/01/24072843/Trumps-New-Crypto-Executive-Order-2025-2-1.webp 688w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2025/01/24072843/Trumps-New-Crypto-Executive-Order-2025-2-1-662x369.webp" alt="Trump&#x27;s New Crypto Executive Order 2025" class="wp-image-7899"/></figure>


Stablecoin payments startup Kast just raised $80 million according to <a href="http://bloomberg.com/news/articles/2026-03-09/stablecoin-payments-firm-kast-raises-80-million-in-funding?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3MzA0OTE0MiwiZXhwIjoxNzczNjUzOTQyLCJhcnRpY2xlSWQiOiJUQkxWQldLSkg2VjQwMCIsImJjb25uZWN0SWQiOiIyMkJFQTBDNEVDODU0RDI1OTM4M0Q3Q0UxMzhCQzZBRCJ9.-iF8ODWyUUEsTII21c8uHgdjNUez0iUM400MWueWVNY" target="_blank" rel="noopener">Bloomberg</a>. The round values the company at $600 million.
QED Investors and Left Lane Capital co-led the funding. Kast&#x27;s using it to expand dollar-denominated banking services across North America, Latin America, and the Middle East.
The company&#x27;s projecting $100 million in annual revenue for 2025. That&#x27;s a big milestone.
Kast operates a stablecoin-based banking platform. It offers cards and dollar accounts to users in over 150 countries.
Co-founder Raagulan Pathy says traditional banking is &quot;fundamentally broken.&quot; His solution? Internet-native stablecoins. They deliver faster, more accessible financial services worldwide.
The funding supports expansion. Hiring. Regulatory licenses. New products.
Kast offers payment cards and basic accounts now. Coming soon: savings and remittance products through its neobank interface. These target countries where traditional banking is slow, expensive, or hard to access.
Pathy says stablecoins clearly solve cross-border payment frictions. They fix accessibility issues. But previous platforms failed to deliver intuitive experiences. Kast&#x27;s designed specifically for mainstream customers. Make it straightforward.
The company&#x27;s growth trajectory is wild. It only disclosed a $10 million seed round in late 2025. Now it&#x27;s valued at $600 million. That&#x27;s strong investor confidence in stablecoin infrastructure.
Broader crypto markets have cooled. Bitcoin&#x27;s trading roughly 46% below its 2025 all-time high.
But stablecoin adoption keeps accelerating. Industry data shows transfer volume hit a record $1.8 trillion in February.
Circle&#x27;s USDC accounted for about 70% of that volume. That&#x27;s $1.26 trillion. Tether&#x27;s USDt processed around $514 billion. Real-world usage is rising beyond speculative trading.
Kast&#x27;s valuation highlights a broader industry shift. Practical payment and banking applications. Companies like Kast are positioning themselves as crypto-era banks. They&#x27;re competing with legacy institutions on speed, global reach, and 24/7 availability.
Kast needs to execute its licensing strategy. Build out products. Then it could deepen stablecoin integration into everyday finance. Emerging markets and developed markets. Both.

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Stablecoin startup Kast secures $80M at $600M valuation to expand dollar banking services across 150+ countries. Targeting $100M revenue in 2025.