Cashback was originally controversial as the yield didn't come from deposit funding. Activity-based rewards tied payouts to spending. @sytaylor points out that many stablecoin-backed card programs already use this model instead of traditional yield. From @stable_takes with @dwr

Cashback on your card spend Cashback on your swaps Cashback on your borrows Cashback when you refer someone + a percentage of their spend, uncapped 👀 Cashback on EVERYTHING (and it’s all in USDC)

Is cashback in a token good or bad? It depends on one detail When your dollars turn into the token, and whether you can sell it right away - @Plasma : counts it in dollars, pays every Thursday in $XPL at that day's price - @EthenaPay : same idea, paid daily in $AVAX at the price when it lands - @ether_fi : converts it to $ETHFI when the purchase clears, then locks it for 7 days With Plasma One and Ethena Pay you can sell on arrival and keep what you earned. With EtherFi the price runs for a week before you can claim it, up or down Token or dollars, which cashback would you rather get?

Your cashback can become a product feature. With Fast, eligible landed transactions can generate cashback from the flow your product already sends. You can use that value to reward users, create incentives, build loyalty mechanics, or design your own revenue-sharing model. Your transaction flow already creates value. Now you can turn that value into something your users can actually benefit from.

KAST brings 50% Uber cashback to Latin America KAST continues to expand in the region and has launched a new Uber promotion offering up to 50% cashback on rides The offer is different for Brazil and the rest of LATAM For LATAM users (excluding Brazil): - 50% cashback on the first Uber ride paid with a KAST card - 10% cashback on following rides - maximum cashback: $10 during the promotion For users in Brazil: - 50% cashback on the first ride and 10% on following rides, with a $15 maximum - users who have already paid for Uber with their KAST card get 10% cashback, with an $8 maximum The promotion runs from October 19 to November 18, 2026 But this isn't KAST's first move in the region KAST previously introduced 0% FX fees on card purchases in 16 Latin American currencies, including BRL, MXN, ARS, COP, and PEN. That promotion runs until the end of 2027 Now KAST is adding Uber cashback on top of its 0% FX offer, giving users in Latin America more benefits for everyday spending