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Phantom, one of the most widely used cryptocurrency wallets on the Solana (SOL) blockchain, has unveiled its own USD-backed stablecoin called CASH on September 30.
Meet Phantom Cash 👻✨
The power of crypto 🤝 the ease of cash. pic.twitter.com/F7yL7sNxKd
— Phantom (@phantom) September 30, 2025
Developed in partnership with Stripe and Bridge, CASH will serve as the foundation for a new financial platform named Phantom Cash, designed to bridge crypto with everyday payments.
A Dollar-Pegged Stablecoin for Real-World Utility
According to Phantom’s announcement, CASH is fully pegged 1:1 with the U.S. dollar and was built to seamlessly connect the digital asset economy with real-world use cases.
Phantom Wallet’s 15 million+ users will be able to use CASH for payments anywhere that Apple Pay, Google Pay, or Visa are accepted. This makes it one of the first stablecoins designed to be directly integrated into mainstream payment rails.
Stripe Partnership: Crypto Meets Daily Transactions
Through the Phantom Cash platform, users will gain access to features such as:
- Virtual and debit card support
- Instant bank deposits
- Peer-to-peer transfers
- Cross-currency exchanges
- Integration with DeFi platforms
In its own statement, Stripe confirmed that CASH forms the “native money movement layer” for Phantom’s new ecosystem, giving users the ability to pay merchants, send funds to friends, and swap seamlessly between cryptocurrencies.
The self-custodial smart contract wallet on Solana ensures that users retain full control over their assets, while balances are displayed in USD value directly within the Phantom app.
Why Phantom’s move Matters
This move positions Phantom as not only a wallet provider but also a next-generation payments platform, bringing stablecoins into mainstream usage. With Stripe onboard, Phantom is setting the stage for mass adoption of digital dollars across consumer payments, DeFi, and cross-border transfers.
