Stablecoin-driven financial platform KAST completes $10 million seed round of financing.

According to TechCrunch, stablecoin-driven financial platform KAST has completed a $10 million seed funding round, led by Peak XV and HongShan. Peak XV and HongShan are investment firms from India and China, respectively, that were spun off from investment giant Sequoia last year. Partners from DST Global and Goodwater Capital also participated in this round of investment. KAST is a stablecoin-driven financial platform targeting emerging markets, allowing customers to hold and spend stablecoins through traditional payment channels.