what's KAST?
KAST is a cryptocurrency debit card platform that enables users to spend stablecoins and crypto assets directly in everyday transactions, bridging the gap between Web3 and traditional finance. It offers virtual and physical Visa cards with instant activation, no conversion fees for crypto spending, and support for multiple blockchains like Solana and BNB Chain. Users can deposit USD, send/receive funds via networks like ACH or Pix, and access tiered cards (Standard, Premium, Limited, Luxe) with varying fees and perks, including unlimited spending limits. The platform emphasizes seamless on-chain utility, allowing stablecoin holders to pay at merchants worldwide without off-ramping to fiat. Features include self-custodial wallets, multichain swaps, and integrations for direct deposits, making it a neo-banking solution for crypto users. Founded by Raagulan Pathy, formerly VP at Circle (USDC issuer), KAST focuses on security, global accessibility in 150+ countries, and community-driven perks like exclusive events. Technically, KAST leverages stablecoins on Solana for fast, low-cost transactions, with upcoming products like KAST Dollar (a transparent stablecoin) and OUTKAST for enhanced point accumulation. It prioritizes user control, with no hidden fees on USD spends and straightforward FX for non-USD, positioning it as a comprehensive tool for saving, sending, and spending crypto.
KAST required Canadian users to remove funds within 14 days due to regulatory requirements.
Links
x.com/kastcardRequired Canadian users to remove funds within 14 days due to Canadian regulatory requirements.
Cashback rewards are paid in a token that has not yet launched, creating negative sentiment about the card's value proposition.
KAST is listed as one of the top Solana projects building valuable physical products in a third-party compilation, appearing second in the list after Solana Mobile.
Competitor analysis discloses KAST holds user funds (custodial) and offers 4-8% yields without automation.
KAST Pay launches crypto offramp service with bank transfers to 125+ countries via SWIFT, offering free transfers for amounts over $5,000 as a limited-time promotion.
KAST uses Rain as its card issuer, which is a Visa member that settles card transactions in stablecoins rather than traditional fiat currency.
The card offers 7% cashback rewards distributed as airdrops and 2x rewards for SOL staking with the gold card tier, while virtual cards are free and physical cards have promotional discounts available.
A user publicly endorses competitor tuyo over KAST card after using both for 3 months, actively promoting a Friday referral offer with 15% savings up to $1,000 limit.
Founder doubles down on $AVICI purchase after community backlash, publicly defending the collaborative approach and stating "If you view peers in a nascent industry as competition and not the broader global banking opportunity, you're NGMI."
Pre-TGE market cap reaches $800M with 500,000 users, and CEO acquires $AVICI (17k users, doubling monthly) to defend against competitor staking market share.
Rebranding occurs on 11/6 with name change from "KAST Card" to "KAST" and new social handle @KASTxyz, positioning as a global money app beyond card services.
A $200 fee applies to replace stolen cards.
A competitor analysis reveals KAST operates as a custodial card service and charges 6-7% fees, compared to non-custodial alternatives charging 3%.
Card pricing revealed at $800 for premium physical, $80 for discounted physical with points that convert on mainnet, and $0 for virtual cards. Integration with Apple Pay and Google Pay confirmed.
The project operates a Solana validator and offers 3-10% cashback rewards on card spending. The platform supports multi-chain funding with any crypto directly to self-custody addresses for spending.
A user reports switching from Gnosis card to KASTcard after spending £100k+ annually, claiming daily usage with no issues.
The project uses M0 protocol for its infrastructure and expands across Latin America for digital dollar payments and savings use cases. Featured in Coinchange's 2025 LATAM Crypto Regulation Report as a builder unlocking innovation in the region.
CEO expresses interest in buying competitor Avici tokens and helping their team.
The project carries a reported valuation of approximately $500M according to market commentary.
Card charges 2% forex fee and operates as custodial service; competitive analysis ranks it in C tier, criticizing the points system as not providing real spendable cashback with the project setting its own FDV for points valuation.
TGE scheduled for Q1 2026. Founded by Raagulan Pathy, former VP at Circle (USDC issuer).
The card has raised over $10M in funding.
The card supports Apple Pay integration with setup taking under 30 seconds, offering 8% cashback on spending.
Integration with EFDevcon conference in Argentina announced, positioning the card as payment method for attendees' travel, event tickets, and party access while earning rewards points.
KAST card now supports USDC via Sonic Labs integration, enabling global USD accounts across 160+ countries for instant crypto spending.
Token distribution structure disclosed: 25% of points convert to tokens at TGE with 75% vesting linearly over 24 months, or 50% penalty for immediate full redemption; points valued at $0.08 ($800M FDV) in Season 4.
New points farm unlocked enabling TGE airdrop farming via credit card transactions.
An approaching Token Generation Event (TGE) is indicated, with user reporting 8,000 points valued at approximately $690 accumulated in one month through the rewards system.
KAST participates in Pengu Winter Wonderland event alongside major crypto projects including OpenSea, Abstract Chain, Yield Guild Games, and Walrus Protocol, indicating new gaming/NFT sector collaboration.
Cali Lyu, President of Solana Foundation, publicly advocates for the card's seamless crypto spending experience.
User reports actively using the platform for payments since yesterday, indicating real adoption of payment functionality.
KASTcard launches first ever solid gold Solana card weighing nearly 40g according to CEO statement.
KAST achieves $20 million in ARR with 500,000 installs over 13 months and launches new solid gold card.
Expansion into Southeast Asian markets confirmed with 30% discounts on HKD payments and active merchant acceptance in Thailand.
Plans to launch proprietary stablecoin in development.
Card now supports direct stablecoin payments for Japan transit, offering 12% rewards boosted by SOL staking.
Nansen Points integration enables free/discounted crypto cards with points-back rewards.
Card product launch excludes Australian market despite significant Solana user base in the region.
New zero-fee off-ramp service with rewards launches for US users, powered by M0 partnership for digital dollar tokenization and payment systems.
New stablecoin payment system launches with Apple Pay integration and 10-minute full onboarding process.
M^0-powered stablecoin platform debuts as new financial infrastructure on Solana.
New stablecoin launches on Solana using M^0 infrastructure, demonstrating day-one implementation of programmable digital dollars.
Stablecoin-based neobank secures million-dollar extension funding on Solana.
M^0 stablecoin migrates to Solana blockchain.
New programmable stablecoin launches on Solana blockchain via m0foundation.
New Solana debit card partnership launches with Orca, offering double rewards and $1000 premium card giveaway.
Stablecoin platform launches on Solana enabling global payments via prepaid cards, backed by M^0 foundation.
New Solana-powered stablecoin launching in partnership with m0foundation.
Crypto card issuer closed $10M round. Offers deposits in Solana/Tron with competitive cashback.
New card product launched allowing users to spend stablecoins via card after 2-minute ID verification setup.