Stablecoin payment company KAST has raised $80 million in funding, valuing the company at approximately $600 million.

According to Bloomberg, stablecoin payment company KAST has completed an $80 million funding round, co-led by QED Investors and Left Lane Capital. The funds will be used for expansion in North America, Latin America, and the Middle East, as well as hiring, licensing applications, and product development. The new round values ​​the company at approximately $600 million. Sources familiar with the matter said the terms of the funding round were finalized in October, and the company's annualized revenue is expected to reach $100 million this year.