Phantom launches CASH, a dollar stablecoin built on Stripe's Open Issuance, and Phantom Cash payments

Phantom/Phantom wallet

Phantom introduced CASH, a dollar token backed one-to-one, created with Stripe and Bridge as the first coin on their Open Issuance platform. Phantom Cash lets users top up from a bank, pay each other and spend with a Visa debit card. Early access began on Solana with a wider rollout planned.

• Starts on Solana; other chains planned.
• Phantom says any developer can use CASH.
• Limited early access from Sep 30, 2025.