Stablecoin Startup KAST Nabs $80M at $600M Valuation
KAST pulled in a massive funding round as VCs keep betting big on stablecoin payments infrastructure.
Stablecoin payments company KAST just closed an $80 million funding round, with QED and Left Lane leading the charge. The deal values the company at a cool $600 million, according to sources familiar with the terms.
The ambitions are equally hefty. KAST is projecting $100 million in annual recurring revenue by 2026 — a target that signals serious confidence in stablecoin adoption for real-world payments.
The raise lands amid a sustained wave of venture capital flowing into crypto payments infrastructure. While the broader crypto market has seen its share of boom-and-bust cycles, stablecoins have emerged as the segment VCs seem most willing to back with real money.
For KAST, the challenge now is straightforward: convert that $600M valuation into the revenue trajectory to justify it.