Kast
“Can a stablecoin-native neobank replace traditional banking infrastructure for globally-mobile consumers and crypto-first businesses by turning USDC/USDT into fully spendable, yieldable, borderless dollars?”
Founded in 2023 by former Circle APAC CEO Raagulan Pathy, KAST launched as a stablecoin-native neobank targeting the underbanked global citizen who wants USD accounts and Visa cards without a traditional bank. The core insight — that stablecoins can serve as the settlement rail for everyday spending — drove rapid growth to 1M+ users in ~18 months. In 2026, KAST expanded from consumer into KAST Business (multi-currency payouts, yield, virtual card programs) and KAST Cloud (cloud billing reseller using stablecoin payments), broadening from pure consumer fintech toward a financial OS for globally-mobile individuals and crypto-native businesses.