Kast has announced it will be partnering with M0 Labs to issue its own stablecoin $USDK to global users, according to the company’s page on X.
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.
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct due diligence at all times.
This article has been partly researched and aggregated with the help of AI and does not pertain to be an exclusive story. For specific media and public information referenced, please find it below.
Source(s): https://x.com/raagulanpathy/status/1965950884669698277?s=61
https://www.dashboard.m0.org
https:www.kast.xyz/solana
