Crypto Wallet Phantom Unveils Stablecoin and Payments Service
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 consumer finance. But nothing out there made sense for Phantom,” Phantom VP of Strategy Donnie Dinch posted on X. “So we designed the stable we were looking for, and it’s open for any builder to use.”
Builders and businesses that use CASH will keep 100% of the net revenues, differentiating it…
