Much more than a card – KAST launches Reserve to enable users to grow and spend USD balance

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Postmedia has not reviewed the content. by Business Wire Much more than a card - KAST launches Reserve to enable users to grow and spend USD balanceAuthor of the article:KAST Reserve allows customers to earn 6 to 12% rewards on USD balances from a spending account that can be used around the world.Initially adopted by globally mobile and digital earners as a way to earn, store and spend their money, the financial technology platform powered by stablecoins, is changing how people manage money.Users who move early will benefit most. The initial reward program of 6 to 12% is capped at an aggregate of $100 million with users moving to 4 to 8% from January 2027.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountNEW YORK — KAST, the financial technology platform powered by stablecoins, today launched KAST Reserve giving people a way to earn up to 12% in rewards on USD balances. The latest rewards product from KAST represents an evolution in the stablecoin-powered platform, allowing KAST members to build balances and store them while spending with ease around the world.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againWith stablecoin supply reaching over $260 billion, stablecoins are increasingly useful and accessible instruments for people accustomed to more traditional financial products. KAST USD Reserve gives people an easy way to earn the high rewards on their USD without locking their money away or losing access to it. It’s always spendable, even while it earns rewards. KAST Reserve is designed to be a stable, reduced-risk way for users to earn rewards on USD balances and complements the existing USD Prime Vault and Gauntlet Alpha Vault for more DeFi native users.KAST funds these rewards to members directly as a subsidy and customer incentive, from its own revenues and corporate balance sheet. Customer funds are held conservatively in stablecoins and treasury equivalents. Therefore, funds in KAST Reserve are protected and not exposed to DeFi or wider market risk, giving users the peace of mind to earn special rewards on USD balance while having the freedom to spend when they want to.Balances in KAST Reserve earn rewards while staying spendable. Users can earn between 6 and 12% rewards in USD Reserve depending on membership tier, with KAST’s private members earning 12% on balances up to $200,000. Users who move early will also benefit most. The initial reward program is capped at $100 million with users moving to a lower rate between 4 and 8% from January 2027.Raagulan Pathy, Founder & CEO at KAST, said:“Reserve provides KAST members a premium service with the best rewards, even beyond the stablecoin market. Our easy-to-use, simple user experience makes stablecoin-powered global dollar accounts, including these rewards, accessible for everyone, not just people accustomed to blockchain. Turning USD balances into actual wealth and spending power is a game changer for our users.”Founded in July 2024, KAST provides USD-denominated accounts, global pay-ins and payouts in partnership with licensed institutions to more than 170 countries, and a growing suite of consumer and business financial tools built on stablecoin rails rather than legacy settlement networks. The introduction of KAST Reserve is the latest in a series of product launches designed to deliver the most premium products in stablecoin-powered dollar app.KAST is a stablecoin-powered financial platform that connects digital assets with traditional finance, enabling 500,000+ users to send, receive and convert funds across borders, currencies and payment rails through a single app. The company focuses on helping individuals and businesses earn globally and spend locally by combining instant peer-to-peer transfers with compliant access to local bank payouts in supported markets. Visit www.kast.xyzView source version on businesswire.com: For more information or media enquiries please contact This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.