Stablecoin payment platform KAST completes $10 million seed round of financing, led by Peak XV and HongShan

On December 12th, Redstone China (HongShan) and Redstone India (Peak XV) jointly led a $10 million seed round financing for KAST, a stablecoin payment platform. KAST is a stablecoin-based banking platform that allows users to hold and use stablecoins through traditional payment channels. It also provides credit card services that can be used in standard merchant networks, allowing users to spend their stablecoin assets at merchants that do not support cryptocurrency payments.

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