Stablecoin payment firm KAST has raised $80 million in its latest funding round, bringing its valuation to approximately $600 million. The funding surge comes as demand for digital dollar accounts grows, prompting increased venture capital interest in related startups. KAST anticipates its annual recurring revenue to reach $100 million this year, as it continues to offer stablecoin-based payment and account services, facilitating dollar settlements via blockchain networks. The company previously completed a $10 million seed round in December 2024, led by HongShan and Peak XV, to develop savings products and expand remittance services. As stablecoin applications expand, firms like KAST are becoming a focal point for venture capital investments.