KAST launches USD stablecoin cashback for instant use

KAST rolled out a USD stablecoin cashback feature on May 6, 2026. The program deposits dollar-pegged rewards directly into users’ KAST accounts. Funds are available to spend immediately on KAST payment cards, avoiding token price swings and extra conversion steps.

The cashback is offered across KAST’s three membership tiers. Standard members earn 1.5% cashback on up to $2,000 of card spending per month and pay no annual fee. Premium members receive 2% cashback on up to $10,000 in monthly spend and also earn 1% in KAST Points on qualifying transactions. Private members earn 3% cashback on up to $40,000 of monthly spend and 2% in KAST Points; Private customers also receive an exclusive gold card. All rewards are subject to the platform’s terms and conditions.

KAST credits rewards as a dollar-pegged stablecoin balance that can be used at the point of sale on the KAST card alongside fiat funds. The company says the balance does not experience market volatility between when rewards are earned and when they are spent.

Premium and Private members receive a Visa Infinite card with travel and purchase protections. The cards include travel accident insurance up to $1.5 million, 180-day purchase protection, 30-day price protection and access to more than 1,200 airport lounges worldwide through the Visa Airport Companion app.

The product launch follows KAST’s $80 million Series A round, closed in April 2026 and co-led by QED Investors and Left Lane Capital. KAST plans to use the funding to develop additional products this year, including savings features, a consumer credit offering and a KAST Business product aimed at commercial and institutional clients.

Industry participants note stablecoins can reduce the friction that affects traditional cashback and volatile token rewards, because dollar-denominated value avoids price swings and on-chain settlement can speed availability compared with legacy transfer rails. Observers also say future stablecoin transaction volumes will depend on regulatory, technical and market developments. Security and custody practices remain key considerations for users who hold stablecoins.

Raagulan Pathy, KAST’s founder and chief executive, described the rationale for the product: “Users want rewards that feel like real money, not something they have to manage over time. Stablecoin cashback delivers exactly that: what you earn is what you get, and you can use it on the KAST card alongside your typical spend.”