
CosmicTaco
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
1mo ago

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