Overview

• CASH is a U.S. dollar–pegged stablecoin launched at 1:1 backing to power the new Phantom Cash payments superapp on Solana.
• Phantom Cash enables spending from crypto balances wherever Apple Pay, Google Pay or Visa are accepted, with virtual and debit cards, peer-to-peer transfers and instant bank funding.
• Stripe supports one-time bank verification for account funding, and Phantom says CASH was issued via Bridge’s Open Issuance platform.
• Phantom plans an integration with Stripe’s global merchant network to expand acceptance beyond the wallet’s existing rails.
• Industry voices describe the move as escalating Solana’s “stablecoin wars,” as total stablecoin capitalization hovers near $300 billion, per DefiLlama.