KAST expands global payouts with GBP and EUR support

By Vriti Gothi

KAST has expanded the reach of its Global Payouts feature, adding support for additional local currencies including the British pound (GBP) and the euro (EUR), as it continues to build a stablecoin-based global financial platform.

The latest rollout introduces 11 new payout currencies, extending KAST’s coverage across Europe, North America, Africa, and the Asia-Pacific region. Newly supported currencies include GBP in the UK, EUR across the SEPA zone, CAD in Canada, and several APAC currencies such as IDR (Indonesia), VND (Vietnam), PHP (Philippines), THB (Thailand), and MYR (Malaysia). Nigeria’s NGD and Turkey’s TRY have also been added. With the expansion, KAST users can now convert stablecoin balances and send funds to bank accounts in over 200 countries worldwide.

The move reflects growing demand for simpler, regulated pathways between digital assets and local fiat systems, particularly among freelancers, remote workers, immigrants, and crypto-native earners. By enabling direct conversion from stablecoins to local currencies within its app, KAST aims to reduce reliance on traditional crypto exchanges and fragmented off-ramp solutions, which often involve higher costs and operational complexity.

Global Payouts connects KAST accounts directly to multiple international payment networks, allowing users to receive income in stablecoins and access it locally in their preferred currency. For example, a remote worker based in Indonesia can be paid in stablecoins and cash out directly to Indonesian rupiah for everyday expenses.

Raagulan Pathy, Founder and CEO of KAST, said “The expansion demonstrates the platform’s rapid scaling of stablecoin-powered money movement. KAST users can now easily convert digital earnings into local currencies, whether they are spending on a short-term let in Bali or paying for dinner anywhere in Europe,” he said, adding that the company is focused on building practical financial products for cross-border, digitally native users.

As part of the launch, KAST has also temporarily waived fees on SWIFT payouts above USD 5,000, offering users an incentive to trial the expanded international transfer functionality.

The development comes as stablecoins increasingly gain traction as a settlement layer for cross-border payments, with FinTechs and neobanks exploring how blockchain-based rails can complement traditional banking infrastructure while improving speed, cost efficiency, and accessibility.