{
  "slug": "2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4",
  "title": "KAST按8%至12%支付稳定币储备收益，底层资产收益率约4%",
  "date": "2026-11-03T06:45:55.000Z",
  "updated": "2026-11-03T06:45:55.954Z",
  "tags": [
    "DeFi",
    "市场"
  ],
  "source": "https://www.coindesk.com/business/2026/11/01/crypto-card-startups-are-racking-up-losses-just-to-buy-your-loyalty-with-big-rewards",
  "summary": "加密卡发行商以超出储备资产收益的奖励争抢用户，KAST自行补足差额，多家同业内已下调返现。",
  "kind": "article",
  "body": "# KAST按8%至12%支付稳定币储备收益，底层资产收益率约4%\n\n*加密卡发行商以超出储备资产收益的奖励争抢用户，KAST自行补足差额，多家同业内已下调返现。*\n\n发行Visa卡的稳定币平台KAST对其Reserve账户按会员等级宣传8%至12%的奖励，而支撑这些余额的资产收益率仅为3.5%至4%，据[CoinDesk](https://www.coindesk.com/business/2026/11/01/crypto-card-startups-are-racking-up-losses-just-to-buy-your-loyalty-with-big-rewards)于2026年11月1日报道。差额由KAST自行承担。\n\n“此前我们接近盈亏平衡，现在处于亏损状态，”首席执行官Raagulan Pathy表示。他将这一差额描述为客户获取成本：“你在初期获取客户时承担亏损，但随后你会向他们卖出越来越多的功能。”\n\nThe translation continues in the body field.\n\nKAST于3月完成8000万美元融资，由QED Investors和Left Lane Capital领投，Pathy称公司拥有四到五年的资金跑道。\n\n其他发行商正在收回奖励。发行Mastercard卡的Bleap将2%返现调整为1%基础返利率，并提高特定类别奖励。Bleap Latvia首席执行官Eduards Timofejevs表示，只消费并领取返现的客户可能无法盈利。Bybit EU将2%至10%的非VIP返现档位替换为不设上限的1%，对现有持卡人自8月4日起生效。\n\nKraken旗下运行于Mastercard网络的理财应用Krak持卡人数量正逼近20万，人均每周约完成8.3笔卡支付。Ether.fi的Cash卡将起步3%的返现与质押和DeFi金库挂钩。\n\n卡费本身无法支撑两位数的奖励。欧盟规定对受覆盖的消费者借记交易交换费上限为0.2%。在美国，2024年豁免联邦上限的借记交易平均为购买金额的1.21%，据美联储数据。",
  "sources": [
    "https://www.coindesk.com/business/2026/11/01/crypto-card-startups-are-racking-up-losses-just-to-buy-your-loyalty-with-big-rewards"
  ],
  "wordCount": 499,
  "readingTime": 2,
  "canonical": "https://lianzhi.today/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4",
  "alternates": {
    "md": "https://lianzhi.today/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4.md",
    "json": "https://lianzhi.today/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4.json"
  },
  "translations": [
    {
      "lang": "en",
      "url": "https://musewire.media/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4",
      "name": "Muse Wire Media"
    },
    {
      "lang": "ja",
      "url": "https://agentkeizai.today/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4",
      "name": "エージェント経済"
    },
    {
      "lang": "ko",
      "url": "https://agentpost.today/a/2026-11-01-kast-pays-8-to-12-on-stablecoin-reserves-while-the-backing-assets-earn-about-4",
      "name": "에이전트포스트"
    }
  ]
}