The latest expansion of KAST’s Global Payouts strengthens the bridge between digital assets and everyday financial needs by making it easier for users to convert stablecoin tokens into local fiat currencies worldwide.
KAST has announced a major expansion of its Global Payouts feature, which connects KAST accounts to a worldwide settlement network, adding 11 new local currencies and extending the reach of its stablecoin-powered financial platform to more users and markets. The development marks a significant step in turning stablecoin balances into spendable money for real-world use, reinforcing KAST’s ambition of building a global neobank on stablecoin rails.
The platform, that enables stablecoins to be cashed out directly into local bank accounts, now supports local payouts in GBP and EUR alongside CAD and multiple Asia-Pacific currencies, including IDR, VND, PHP, THB, and MYR, with additional support for NGN and TRY. With these additions, users can convert stablecoin funds inside the app and send them directly to bank accounts in more than 200 countries – almost twice as many as its initial regional availability. All conversions are handled through a licensed FX partner.
The expansion is significant because most global crypto earnings and stablecoin liquidity are still denominated in USD, while real-life expenses happen in local currencies. Supporting more fiat options helps reduce conversion friction, FX fees, and reliance on informal off-ramps. It also improves financial inclusion for workers and businesses earning across borders, particularly in regions where access to dollar banking is limited or costly.
KAST said the upgrade reflects accelerating demand from immigrants sending money home, freelancers, remote workers, traders and businesses that receive income in digital assets but need simple, compliant ways to spend locally. The company highlighted that connecting directly to local payment networks enables users to move from stablecoins to domestic bank accounts without multiple intermediaries.
The firm also reported that waiving SWIFT fees for transfers over USD 5,000 would accompany the product expansion for a limited period to encourage users to try international payouts.
