According to news on December 12, stablecoin payment platform KAST completed a US$10 million seed round of financing, jointly led by Sequoia China (HongShan) and Sequoia India (Peak XV) after the spin-off of Sequoia. KAST is a bank-like platform based on stablecoins that supports users to hold and use stablecoins through traditional payment channels, and provides credit card services that can be used in standard merchant networks, allowing users to spend their money at merchants that do not support cryptocurrency payments. Stablecoin assets.