Kast Stablecoin Company Reaches $600 Million After Raising $80 Million: Report

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Stablecoin payments company Kast has raised $80 million in a funding round that values the company at $600 million, Bloomberg reported Monday, citing people familiar with the matter.

The round was led by investors QED and Left Lane Capital, and Kast expects annual revenue of about $100 million by 2025, according to Bloomberg.

According to reports, the company plans to use the funds to expand in North America, Latin America and the Middle East, while adding employees, securing licenses and developing new products.

The surge is the latest sign that investor appetite for stablecoin-focused payments companies remains strong, even as broader crypto markets have retreated in recent months, with Bitcoin (BTC) down nearly 46% from its all-time high recorded on October 6, 2025, at $126,198.

*Stablecoin payment company KAST, home page. Source:* *Kast.xyz*

Cointelegraph reached out to Kast for comment, but did not immediately receive a response.

Stablecoins can make banking more efficient: Kast co-founder

Kast previously raised $10 million in a seed round announced on November 28, 2025, led by HongShan Capital Group (HSG) and Peak XV Partners.

related to: Stablecoin imports return to $1.7 billion as Washington fights revenue rules

The company offers payment cards and US dollar accounts to users in more than 150 countries and plans to launch savings and remittance products within its neobank interface.

“For most countries and more than half of global GDP, banking does not match the openness and speed of the Internet, it is fundamentally broken,” wrote Kast co-founder Raagulan Pati, after the seed round.

“Stablecoins are an obvious solution, but the user experience wasn’t great. We’re building Kast to change that,” he said.

related to: Tether invests in AI sleep tracking company for $1.5 billion

Stablecoin transaction volume hits a record $1.8 trillion

The funding round comes as stablecoin usage continues. According to the provider Allium, the volume of stablecoin transfers reached a record $1.8 trillion in February.