In brief
- Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash.
- Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH.
- The wallet provider raised $150 million in January at a $3 billion valuation.
Popular Solana crypto wallet Phantom unveiled CASH, a new U.S. dollar-pegged stablecoin built in collaboration with Stripe and Bridge that will underpin its new financial platform called Phantom Cash.
Designed by the wallet provider, CASH was created using stablecoin infrastructure provider Bridge’s new Open Issuance platform that allows any business to create its own stablecoin.
“Stablecoins are the atomic unit of…
Sep 30 2025
