Kast is turning stablecoins into real banking—without the crypto headaches

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Kast delivers a seamless, banking-like experience that’s fast, global, and built for people tired of dealing with outdated financial systems.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.

From crypto trading to building Kast

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.

Who Kast is built for

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.

Removing friction for billions

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.”

Story ContinuesKast fixes that by offering a banking-like experience that feels familiar—even to someone who’s never used crypto before.

“If we can remove all the friction, then we become very attractive to what could be two to three billion people,” Kerrins said.

Looking ahead: institutions and scale

Right now, Kast is focused on individuals—but that won’t be forever.

“At the moment, we’re offering our product to individual consumers and not companies yet,” Kerrins clarified. “We’ll look to roll that out in the future.”

Their current goal? Nail the retail experience. Build a product that works for both crypto-native users and complete newcomers.

“It’s a nice solution that isn’t just meme coins,” Kerrins noted.

Getting started is easy

For users ready to try Kast, the app is already live.

“Our app is on the App Store and the Android store,” Kerrins said.

The team is also building infrastructure to let people convert local currency into stablecoins—quickly, easily, and without needing to understand crypto.

“If we can put in frictionless on-ramping, then we believe we’ll rapidly scale because the product will sell itself,” he added.

The future is stable

Kast is more than a wallet—it’s a financial platform for a new era. With a focus on US dollar-backed stablecoins, an easy-to-use interface, and a clear mission, it’s already helping users take control of their money in places where banks fall short.

For Kerrins, the goal is big—but clear: to deliver stable financial tools that anyone, anywhere can use.

Kast may still be early—but with momentum building and a product that solves real problems, it’s one of the most practical blockchain plays in fintech today.

Kast is turning stablecoins into real banking—without the crypto headaches first appeared on TheStreet on May 31, 2025

This story was originally reported by TheStreet on May 31, 2025, where it first appeared.

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