Wu Blockchain reports that ether.fi founder and CEO Mike Silagadze has posted questioning the terms of service of the stablecoin payment and crypto card platform KAST. According to KAST's official website, when users transfer virtual assets (including cryptocurrencies or stablecoins) to KAST, the transfer is considered a sale of assets to KAST, and users no longer retain ownership of the assets. The KAST app only displays ledger entries denominated in USD, which do not constitute account balances, deposits, or stored monetary value. The terms also state that KAST is not a bank, and accounts are not covered by loss insurance. Reportedly, ether.fi and KAST have overlapping business scenarios in the crypto card/payment space. https://(wublock123.com)/news/etherfi-ceo-questions-kast-terms-assets-treated-as-sale-to-platform-64134