BlockBeats News, March 9th. According to Bloomberg, stablecoin payment company KAST raised $80 million in its latest funding round, valuing the company at around $600 million. Insiders said that as the market demand for “digital dollar account” products rises, venture capital firms are continuously increasing their investment in related startups.
Reportedly, KAST expects its Annual Recurring Revenue (ARR) to grow to $100 million this year. The company is committed to providing users with stablecoin-based payment and account services, allowing users to settle in dollars through blockchain networks.
Industry insiders pointed out that against the backdrop of the continued expansion of stablecoin applications, companies providing stablecoin payment and digital dollar account services are becoming a key focus area for venture capital.
BlockBeats previously reported that on December 12, 2024, stablecoin payment platform KAST announced the completion of a $10 million seed funding round, led by HongShan and Peak XV. The funds raised will be used to launch savings products, expand remittance services, and continue to focus on stablecoin-based infrastructure.
