KAST secures $80M funding as stablecoin payment platforms attract venture capital and global transaction volumes surge.
Stablecoin payments firms continue to draw strong venture capital interest as digital-dollar infrastructure expands. KAST has joined that trend after securing funding to expand its services across several global regions. With new capital in place, the company plans to scale its payment network while competing in a rapidly growing sector.
KAST Plans to Scale Cross-Border Stablecoin Payments
Stablecoin payments firm KAST announced it has raised $80 million in a Series A round. This brought the company’s valuation to about $600 million. Capital from the round will support expansion across North America, Latin America, and the Middle East.
The firm remains focused on building a stablecoin-powered financial platform. Through this system, the company aims to help people and businesses send money across borders with fewer steps.
Users can earn income globally, hold digital dollars, and spend funds locally through one platform. KAST will use the new funding to grow the company, as plans are in place to license work and hire more staff as the company pushes into new markets.
Since launching, KAST has grown quickly, boasting more than one million users. It also processes close to $5 billion in yearly transaction volume.
Raagulan Pathy, KAST’s co-founder and chief executive officer, said the raise reflects growing investor confidence in stablecoin-based financial systems.
“The latest funding, raised less than 18 months from launch, reflects the confidence of leading investors in the stablecoin thesis and in KAST’s ability to execute it at global scale,”
Pathy said.
He added that the company aims to become a leading platform for stablecoin payments serving both consumers and businesses.
Investors See Stablecoins Becoming Core Layer for Global Payments
KAST had previously raised capital in a seed round in December 2024. That earlier funding was led by HongShan Capital, formerly known as Sequoia China, along with Peak XV Partners.
Investors see stablecoins playing a growing role in global payments infrastructure. Nigel Morris, co-founder and managing partner at QED Investors, said the technology could reshape how value moves across borders.
Sandeep Patil, partner at QED Investors, stated that stablecoins are becoming a continuous digital dollar layer for payments and settlement.
Matthew Miller, managing partner at Left Lane Capital, said consumer platforms are likely to bring stablecoin systems into everyday financial use.
In addition, venture capital firms are investing more in stablecoin companies. Interest in the sector is rising as fiat pegged tokens are used more for payments and transfers.
In 2025, stablecoin transactions surged 72%, reaching $33 trillion, according to Artemis Analytics. Moreover, recent funding deals show this growing interest.
A Latin American startup, ARQ, raised $70 million last week. Another company, RedotPay, raised $107 million in December. These investments show that investors expect stablecoin payment companies to keep growing.
