On December 12th, stablecoin payment platform KAST completed a $10 million seed round of financing, led by Sequoia China (HongShan) and Sequoia India (Peak XV) after the spin-off of Sequoia. KAST is a stablecoin-based banking platform 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 stablecoin assets at merchants that do not support cryptocurrency payments.