Jackson Hinkle
4 min read
Kast is turning stablecoins into real banking—without the crypto headaches originally appeared on TheStreet.
In a world where traditional banking often fails to keep up, Kast is building something different—something built for the internet age. By using stablecoins instead of local currency, Kast delivers a seamless, banking-like experience that’s fast, global, and built for people tired of dealing with outdated financial systems.
Sam Kerrins, COO and part of the founding team, says the mission is simple: give people everything they expect from a bank—but powered by blockchain.
Kerrins has been in the stablecoin world long before it went mainstream.
“I started my career in accounting, then moved into a cryptocurrency trading role in about 2019,” Kerrins explained. “I was dealing in stablecoins before it became cool, focusing on moving money from Asia into Australia via stablecoins.”
That early experience led to Kast, where Kerrins has spent the past 18 months helping build the platform.
“We want to give our users the ability to do everything they’re currently doing in their old legacy bank, but also give them access to blockchain and stablecoin technology,” he said.
Kast serves a wide range of users, but three key groups stand out.
First: people already working “on-chain.” These are freelancers, contractors, and businesses getting paid in stablecoins like USDT or USDC.
“They can get paid into the Kast app directly, leave their balance in Kast, and use our card to spend and off-ramp as needed,” Kerrins said.
The second group: users in emerging markets, where local currencies often collapse due to inflation or instability.
“In many countries, their currency is being devalued upwards of 100% year-on-year,” Kerrins said. “For them to move their local currency into Kast and hold stablecoins, it gives them the ability to hold a US dollar currency rather than their local currency.”
Finally, there are crypto traders—those looking to spend profits (or manage losses) from trading assets like Bitcoin, Ethereum, or Solana. Kast makes it easy for them to bridge back to everyday money.
Kast’s biggest value? Making stablecoins simple for everyday users—especially in countries where access to dollars is hard.
“It might take days, it could be complex. They’ve got to on-ramp to a local exchange, learn how to use an order book,” Kerrins explained. “That’s fine for someone who’s been around crypto for years, but many users who would benefit from our products don’t understand cryptocurrency.”
