Kast has announced it will be partnering with M0 Labs to issue its own stablecoin $USDK to global users.
The stablecoin banking and card provider based on Solana with over 500,000 users worldwide has revealed its latest plans to launch a native stablecoin with issuance management to be handled by stablecoin infrastructure company M0 Labs.
Co-founder and CEO Raagulan Pathy issued a statement on X:
The company currently offers virtual and physical card options to users in both developed and developing countries, focusing on stablecoin spending, saving and earning cashback rewards ranging from 3% to 12% with custom card selection and yearly fees $100 – $1000.
It is one of the most popular options available on the market today for stablecoin-linked cards.
Raagulan has previously set out a vision for Kast to become one of the leaders in the new wave of banking and payment rails in a 20-25 year timeframe, during which he envisions the team to facilitate tens of billions in annual stablecoin payment volume.
Additionally, partner M0 is already successfully issuing and monitoring a number of stablecoins for companies such as USDai, MetaMask and Usual.
