KAST expands stablecoin payouts to 11 new local currencies

By Vriti Gothi

KAST, a stablecoin-based financial platform, has expanded its Global Payouts feature to include 11 additional local currencies, strengthening its cross-border payment capabilities across Asia, Europe, Africa, and the Americas.

The latest update enables users to convert and spend stablecoins in GBP, EUR (via SEPA), and CAD, alongside emerging-market currencies including IDR, VND, PHP, THB, MYR, NGN, and TRY. The move follows KAST’s initial rollout of Global Payouts and reflects the company’s broader ambition to build a stablecoin-powered neobank focused on everyday financial use cases.

By broadening local currency support, KAST is targeting a persistent challenge in global payments: the friction involved in converting digital assets into usable local funds. Stablecoins have become a common medium for cross-border earnings among freelancers, remote workers, traders, and crypto-native users, but off-ramping into bank accounts often requires intermediaries, exchanges, or complex compliance processes.

KAST’s Global Payouts feature is designed to bypass those hurdles by connecting user accounts directly to multiple global payment networks. This allows stablecoin balances to be transferred into local bank accounts in domestic currencies, without relying on third-party exchanges. The company says the approach is particularly relevant for immigrants sending money home, as well as for workers in emerging markets who are paid by overseas clients.

The expansion also underscores a broader industry trend: stablecoins are increasingly being positioned as payment infrastructure rather than purely trading instruments. As regulators and financial institutions continue to evaluate their role, FinTech firms like KAST are focusing on practical applications that bridge digital assets and traditional banking rails.

Raagulan Pathy, Founder and CEO of KAST, said, “The currency expansion reflects the pace at which the company is scaling its platform. The expansion of Global Payouts to even more countries and currencies reflects how quickly we are scaling stablecoin-powered global money movement. We are building financial products for people who are relentless in their pursuit of growth, and we’re matching that energy with how quickly we are building.”

To encourage adoption of the expanded feature set, KAST is temporarily waiving fees on SWIFT payouts above US$5,000, allowing users to test international transfers under live conditions.

As competition intensifies among stablecoin-native financial platforms, KAST’s latest move highlights how fintechs are seeking to differentiate by embedding digital assets into mainstream payment and payout workflows rather than positioning them as standalone crypto products.