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November 2, 2026 12:45 pm
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Stablecoin payments platform KAST does not plan to issue a native platform token, founder Raagulan Pathy said. Instead, user points will be converted into “KAST Pioneer Units” issued by a KAST-affiliated special purpose vehicle, or SPV. KAST said it plans to offer periodic redemption opportunities, but added there is no guarantee on redemption size, timing, or returns. The move is intended to prevent conflicts of interest tied to a token issuance while allowing users to share in KAST’s growth.