Introducing CASH Stablecoin
Designed by Phantom using Open Issuance by Bridge and Stripe, and launching first on Solana
CASH is open, neutral, interoperable and will distribute rewards to developers on the CASH supply they originate
Launching today under the Solana ticker CASH, CASH is a neutral, open-loop stablecoin, backed 1:1 by USD. CASH is the first stablecoin built on Open Issuance, a new platform from Bridge and Stripe that enables developers to launch their own stablecoins. CASH is designed for both crypto and real-world utility and will be supported as a payment method on Stripe and for Phantom's millions of global consumers.
CASH was designed to address a market gap for a neutral, revenue-sharing stablecoin that benefits users and developers alike. It aims to expand stablecoin utility throughout the ecosystem by creating a better incentive structure for builders, and making onchain dollars easier for everyday use cases, helping ensure the next wave of crypto products and infrastructure evolve to support everyday spending and savings.
Become a CASH contributor, originate supply and receive the rewards
Any developers or businesses looking to benefit from the ease and efficiency of stablecoins can become CASH contributors and start integrating CASH into their products today. Unlike other leading stablecoins, developers, businesses and platforms that originate CASH will receive all of the rewards (after issuance fees) on the supply they originate. CASH will be available for developers to use via Bridge APIs.
Built-in Utility: Onchain liquidity, DeFi integrations and Stripe merchant acceptance
The beauty of CASH is developers who integrate it don’t need to worry about managing liquidity or integrations while still benefiting from the economics. CASH will launch with deep onchain liquidity and broad utility across the Solana DeFi ecosystem, and support from Tier-1 market-makers. Phantom drives adoption and usage. Bridge handles issuance and reserves, and Stripe will soon include CASH as a payment method in Stripe Checkout. Developers can focus on their product, while CASH handles everything else.
Built-in Distribution: CASH as the default stablecoin for Phantom's 15M+ users
CASH will form the foundation of Phantom's new money movement features–also announced today–placing it in the hands of millions of active and engaged users around the world. CASH is the default stablecoin underpinning a suite of new Phantom features that are built atop infrastructure from Stripe and Bridge, including:
- Virtual accounts: Users can enable deposits and payouts with a quick, one-time verification.
- Instant bank funding: Link a bank, on-ramp, and use funds immediately.
- Social P2P: Pay any Phantom username instantly.
- Phantom debit card: Access virtual cards today inside the Phantom app, connected directly to your balance. Physical debit cards are coming soon.
Millions of Phantom users will use CASH to store, pay, and earn right inside the wallet they already trust for crypto trading.
Check out useCASH.xyz↗ to learn more about CASH and how to become a CASH contributor today.
Disclaimers
The Prepaid Debit Visa Card (the “Card”) is issued by Lead Bank pursuant to licensing by Visa U.S.A. Inc. and may be used everywhere Visa is accepted. Must be 18 or older to apply. Fees may apply. See Cardholder Agreement and Phantom Technology's (“Phantom”) website for more details.
Bridge Ventures LLC (“Bridge”) is not a bank. Bridge is a financial technology company and is the Program Manager responsible for managing and operating the Card on behalf of Lead Bank. Phantom is not a bank. Phantom is a financial technology company and is the Platform Provider responsible for the application, access, and management of/for the card.