Stablecoin Payment Company KAST Completes $80 Million Funding Round, Valuation Approximately $600 Million

Odaily News Stablecoin payment company KAST has completed an $80 million funding round co-led by QED Investors and Left Lane Capital. The funds will be used for expansion in North America, Latin America, and the Middle East, as well as for hiring, license applications, and product development. The new round values the company at approximately $600 million. According to informed sources, the terms of this funding round were finalized in October, and the company's annualized revenue is expected to rise to $100 million this year. (Bloomberg)