ChainThink report, March 9: According to Bloomberg, stablecoin payment company KAST has raised $80 million in its latest funding round, with a company valuation of approximately $600 million. Insider sources indicate that as demand for "digital dollar account"-type products rises in the market, venture capital firms are increasingly investing in related early-stage startups.

It is reported that KAST expects its Annual Recurring Revenue (ARR) to grow to $100 million this year. The company is dedicated to providing users with stablecoin-based payment and account services, enabling dollar settlements via blockchain networks.

Industry insiders point out that amid the ongoing expansion of stablecoin applications, companies offering stablecoin payment and digital dollar account services have become a key focus area for venture capital.

ChainThink previously reported that on December 12, 2024, stablecoin payment platform KAST announced the completion of a $10 million seed round, led by HongShan and Peak XV. The raised funds will be used to launch savings products, expand remittance services, and continue focusing on stablecoin-based infrastructure.