Stablecoin payment company KAST completes $80 million financing, with a valuation of $600 million

According to Bloomberg, stablecoin payment company KAST has completed its latest funding round, raising $80 million, with this round valuing the company at $600 million.

According to insiders, KAST expects its annual revenue run rate to rise to $100 million this year. This financing further confirms the trend of venture capital firms continuing to invest heavily in the digital dollar account space, with related startups attracting a significant influx of capital.