Popular Solana crypto wallet Phantom unveiled CASH, a new U.S. dollar-pegged stablecoin built in collaboration with Stripe and Bridge that will underpin its new financial platform called Phantom Cash.  Designed by the wallet provider, CASH was created using stablecoin infrastructure provider Bridge’s new Open Issuance platform that allows any business to create its own stablecoin.  “Stablecoins are the atomic unit of consumer finance. But nothing out there made sense for Phantom,” Phantom VP of Strategy Don ...

Payments giant Stripe is moving deeper into digital assets with the launch of Open Issuance, a new platform from its subsidiary Bridge that allows businesses to create and manage their own stablecoins. Bridge announced the service this week, describing it as a way for companies to issue tokens without depending on a handful of established stablecoin providers. The company noted that the market is currently dominated by issuers such as Tether and Circle, whose scale and liquidity have made their tokens wi ...

Phantom, a leading crypto wallet native to Solana , has announced the launch of Phantom Cash, a superapp for cryptocurrency payments built on Solana and powered by the also just launched US dollar-pegged stablecoin CASH. This September 30 launch intensifies the competition among payment superapps and stablecoins, in what some experts are calling “the stablecoin supercycle” or “stablecoin wars.” Helius co-founder Mert commented on the launch, saying, “The stablecoin wars on Solana are about to heat up. The ...