KAST raises $10 million in seed funding for its stablecoin-based neobank platform

Financial technology platform, ChainwireKAST, has raised $10 million in seed funding led by HongShan Capital Group and Peak XV Partners. The platform offers payment cards and USD-denominated accounts to users in over 150 countries, as well as the ability to send and receive cash. KAST aims to launch savings and remittance products without the need to use fiat currency. Stablecoins are predicted to have over 1 billion users and a supply exceeding $1 trillion by 2030, making KAST's use of stablecoin technology a promising investment.