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Stablecoin Neobank KAST Secures $10M Seed Funding

  • Peak XV and HongShan co-led a $10 million seed investment in KAST, a neobank-like platform for stablecoin transactions.
  • KAST allows users to hold and spend stablecoins via traditional payment methods, targeting emerging markets with high remittance costs.
  • The startup plans to expand its services, facing competition from both crypto-native firms and traditional fintechs entering the stablecoin market.

Source: Techcrunch

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1mo ago
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