KAST, the world’s leading banking alternative platform, announces the launch of its own stablecoin—KAST Dollar—unlocking a vast range of savings and payment opportunities for users of its bank-like services and debit cards.
The introduction of KAST Dollar sets a new standard in financial transparency, ensuring the total value of all KAST deposits is fully visible and represented on-chain. No deposit-taking institution has done this before, underscoring KAST’s commitment to building the world’s most trusted alternative to traditional banking.
KAST Dollar will be issued in two variants: one optimized for savings and another tailored for seamless payments. Both stablecoins will launch exclusively on the Solana blockchain in the coming months, in partnership with M^0, a leading stablecoin platform that has issued over $160 million in assets for its partners.
Solana was the natural choice for KAST due to its strong existing partnership across multiple areas of the business, along with its high throughput and low transaction fees, which make it an ideal blockchain for scalable financial products.
“Stablecoins are a game-changer for hundreds of millions of people seeking a borderless alternative to their local currency and banking system,” said Raagulan Pathy, co-founder of KAST. “We’ve introduced major features this year to create a compelling, bank-like experience, and launching our own stablecoin enhances transparency while unlocking huge opportunities for KAST users worldwide.
"Solana's unmatched speed, scalability, and developer ecosystem make it a prime environment for stablecoin innovation,” said Joao Reginatto, Chief Strategy Officer at M^0. “By bringing M^0’s platform to Solana, we're empowering builders like KAST to design and operate application-specific stablecoins that are not only interoperable, liquid, and tailored to their use cases, but that can also perform at any scale. This expansion is a key milestone in M^0’s vision to build the most universal digital money technology stack for developers."
