Kast launches stablecoin business accounts with up to 8% APY

Kast has launched a stablecoin-based business platform offering accounts, cards, transfers in more than 20 currencies, and returns of up to 8% APY across over 170 countries. Summary Kast Business combines fiat accounts, stablecoin deposits, virtual cards and local currency payouts. Companies can earn up to 8% APY on idle balances and receive up to 3% cashback. Kast operates as a fintech rather than a bank, using licensed partners for regulated services. The company plans to add between 1,000 and 5,000 active businesses by the end of 2026. Kast said its new KAST Business platform gives companies a single service for receiving money, holding stablecoins, issuing cards, and paying workers or vendors across different markets. Businesses can receive fiat through virtual accounts supplied by regulated partners. Customers may also fund their accounts with supported stablecoins and other crypto assets, although Kast has not published a complete list of eligible tokens for every jurisdiction. After funds arrive, companies can issue virtual cards for employees, vendors or subscriptions. The platform also supports local payouts in more than 20 currencies, giving internationally distributed te...