{"id":89473,"date":"2025-10-01T15:31:07","date_gmt":"2025-10-01T12:31:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89473"},"modified":"2025-10-01T15:35:17","modified_gmt":"2025-10-01T12:35:17","slug":"phantom-wallet-to-launch-stablecoin-and-payment-service","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/phantom-wallet-to-launch-stablecoin-and-payment-service\/","title":{"rendered":"Phantom Wallet to Launch Stablecoin and Payment Service"},"content":{"rendered":"<p>The popular <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a> wallet Phantom has announced the launch of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">the stablecoin<\/a> CASH, pegged to the US dollar. This development will underpin a new financial platform called Phantom Cash.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcb0 Introducing CASH<\/p>\n<p>Designed by Phantom using Open Issuance by <a href=\"https:\/\/twitter.com\/Stablecoin?ref_src=twsrc%5Etfw\">@stablecoin<\/a> &#038; <a href=\"https:\/\/twitter.com\/stripe?ref_src=twsrc%5Etfw\">@stripe<\/a>, and launching first on Solana.<\/p>\n<p>CASH is a neutral, open-loop stablecoin backed 1:1 by USD \u2014 built for both crypto and real-world utility. <a href=\"https:\/\/t.co\/W1TkN9Di4R\">pic.twitter.com\/W1TkN9Di4R<\/a><\/p>\n<p>\u2014 CASH (@useCash) <a href=\"https:\/\/twitter.com\/useCash\/status\/1973035307139477561?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Stablecoins are the atomic unit of consumer finance. However, there was no solution on the market suitable for Phantom. So we created the asset we were looking for, and it is open for use by any developers,&#8221; <a href=\"https:\/\/x.com\/donnie\/status\/1973038033801809959\">noted<\/a> Donnie Dinch, Vice President of Strategy at the wallet.\u00a0<\/p>\n<\/blockquote>\n<p>CASH was created using the Open Issuance platform from payment giant Stripe. Launched on September 30, the platform <a href=\"https:\/\/forklog.com\/en\/news\/stripe-unveils-platform-for-launching-stablecoins\">utilizes<\/a> stablecoin infrastructure from the Bridge project.<\/p>\n<p>According to the <a href=\"https:\/\/www.usecash.xyz\/\">project&#8217;s website<\/a>, a key advantage of the asset for developers and partners is the ability to receive 100% of the net revenue from its use. Initially, it will operate on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a>. Phantom plans to add support for other blockchains in the future.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;CASH is a fully backed stablecoin from Bridge and Phantom, created as an open ecosystem for cryptocurrency and traditional payments,&#8221; the developers added.\u00a0<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">The New Platform\u00a0<\/h2>\n<p>The first application of CASH will be its integration into Phantom Cash, a new financial network that will expand the wallet&#8217;s functionality.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Meet Phantom Cash \ud83d\udc7b\u2728 <\/p>\n<p>The power of crypto \ud83e\udd1d the ease of cash. <a href=\"https:\/\/t.co\/F7yL7sNxKd\">pic.twitter.com\/F7yL7sNxKd<\/a><\/p>\n<p>\u2014 Phantom (@phantom) <a href=\"https:\/\/twitter.com\/phantom\/status\/1973035201950617617?ref_src=twsrc%5Etfw\">September 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The platform will offer users the following features:\u00a0\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>instant top-ups from bank accounts;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/russia-will-have-no-p2p-crypto-market\">P2P<\/a> payments between users;<\/li>\n<li>issuance of Visa debit cards;<\/li>\n<li>earning rewards for holding stablecoins.\u00a0<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We wanted to create the best consumer financial platform for people. We needed to offer a more diverse set of features in the product,&#8221; explained Dinch.<\/p>\n<\/blockquote>\n<p>Phantom Cash is available in limited early access. A full launch is expected in October.\u00a0<\/p>\n<p>Back in September 15, <a href=\"https:\/\/forklog.com\/en\/news\/metamasks-stablecoin-issuance-surpasses-65-million\">the release<\/a> of a stablecoin from another popular Web3 wallet, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-metamask\">MetaMask<\/a>, took place. A week after trading began, the issuance volume of the mUSD stablecoin exceeded $65 million.\u00a0<\/p>\n<p>Experts from the rating agency Moody\u2019s <a href=\"https:\/\/forklog.com\/en\/news\/moodys-highlights-risks-of-stablecoin-boom\">warned<\/a> about the risks of a fiat-pegged coin boom. Analysts at JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-identifies-stablecoin-race-dilemma\">stated<\/a> that the anticipated wave of such asset launches in the US could turn into a &#8220;zero-sum game.&#8221;\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Web3 wallet Phantom has announced the stablecoin CASH, pegged to the dollar. This development will underpin a new financial platform called Phantom Cash.<\/p>\n","protected":false},"author":1,"featured_media":89474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Stripe was involved in the development","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1159,807,1519],"class_list":["post-89473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-solana-sol","tag-stablecoins","tag-stripe"],"aioseo_notices":[],"amp_enabled":true,"views":"260","promo_type":"1","layout_type":"1","short_excerpt":"Stripe was involved in the development","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89473"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89473\/revisions"}],"predecessor-version":[{"id":89475,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89473\/revisions\/89475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89474"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}