6/ Stablecoins will form the foundation of a new global banking system.
I’m excited to spend the next chapter helping build it.
Open roles: https://t.co/8UUBmZcKoF
5/ We’re hiring.
First up is a Founding GTM Lead to work alongside me and support the thousands of companies already on the KAST for Business waitlist.
We’re also hiring across compliance, licensing, banking, risk, product, and engineering.
4/ After spending time with @raagulanpathy and the rest of the leadership team, the decision was easy.
I’ll lead the US business, scale the core platform, launch KAST for Business, build the local team, and bring new products to market.
3/ In the last two years, KAST has reached:
-$600M+ in cumulative card volume
-25% monthly top-up growth
-80% growth in weekly card volume, now at $30.9M
-A path toward a $100M revenue run rate in the coming months
2/@KASTxyz stood out for its willingness to invest early in the hard parts:
-Licensing
-Compliance
-Banking infrastructure
-Risk
-Ownership of the underlying rails
The momentum reflects those choices.
1/ At Bridge, I had a front-row seat to the rise of stablecoin infrastructure.
My favorite part was helping founders build on these rails.
The lesson became clear: stablecoin neobanks require a full rebuild of banking from first principles.
Last week was my final week at @Stablecoin and @stripe.
I joined one month after the acquisition closed, when no one had built a stablecoin card program with a true sponsor bank, and helped build the global card program from zero.
We did a lot of the hard work early, building the sponsor bank and network relationships from scratch, working through the regulatory and operational details market by market, and creating the infrastructure needed to take the program global.
Over the next year, we expanded into 100 markets, shipped the first stablecoin settlement flow in the US, and grew volume from zero to tens of millions annualized.
I also got to work with some of the best people in fintech, many of whom became close friends, while seeing up close how Stripe builds and operates at scale.
After working with dozens of stablecoin companies, one thing became increasingly clear to me.. the next generation of global banking will be built natively onchain.
More on what comes next soon.