Stablecoin payments company KAST appoints former senior SEC advisor as head of corporate and policy communications

Techub News, according to The Block, stablecoin payment company KAST has announced the appointment of former U.S. SEC senior advisor Stephanie Allen as the new head of corporate and policy communications. KAST stated that the appointment aims to accelerate its business growth in North America and Latin America. During her tenure at the SEC, Allen advised the agency's leadership on external and internal communication strategies and served as its spokesperson. KAST noted that she also provided counsel to the SEC's cryptocurrency task force.

KAST was founded in July 2024 by former Circle executive Raagulan Pathy, aiming to provide consumers and businesses with dollar-denominated accounts, global payment services covering 170 countries, and a range of stablecoin-based financial instruments. The company added that it has hired over 200 employees in engineering, product, and compliance departments over the past year. Its Series A funding round was completed in March, raising a total of $80 million.