Phantom Wallet Launches CASH Stablecoin: Zero-Fee Payments & Debit Cards

Phantom Wallet launched “Cash Account” enabling instant fiat transactions with zero gas fees via CASH stablecoin, developed with Stripe and Bridge. The 15M-user platform plans Visa debit cards with Apple Pay and Google Pay support.

What Is Phantom Wallet?

Phantom Wallet is a secure, self-custodial cryptocurrency wallet designed to make web3 accessible and intuitive for everyone. Available as browser extension and mobile app, it supports multiple major blockchains, including Solana, Ethereum, Polygon, Bitcoin, Base, Sui, and Monad, within a single interface, letting you manage all digital assets in one place.

Being non-custodial means that Phantom Wallet doesn’t hold your private keys and seed phrases, so users retain total control over their keys and digital assets. This distinguishes Phantom from custodial solutions like exchanges where platforms control assets on users’ behalf. Self-custody provides security advantages but requires users to responsibly manage seed phrases, as losing them means permanent asset loss with no recovery mechanism.

Phantom Wallet combines powerful web3 tools with clean, user-friendly experience. Whether you’re beginner learning about cryptocurrency or seasoned NFT trader, Phantom empowers you to explore, transact, and engage with decentralized ecosystem—all while keeping assets safe and private. No personal information such as email or phone number is required to use Phantom, maintaining privacy throughout the experience.

The wallet counted 15 million monthly active users at the start of 2025 across its multi-chain platform. The company closed a $150 million Series C round in January 2025 at a $3 billion valuation, demonstrating strong investor confidence in its growth trajectory and market positioning.

Phantom Wallet’s CASH Stablecoin Revolution

Popular Solana wallet provider Phantom has introduced CASH, a dollar-pegged stablecoin that anchors new financial services platform bearing the same name. Phantom developed the token alongside Stripe and Bridge, utilizing the latter’s Open Issuance infrastructure that allows companies to create bespoke stablecoins. Donnie Dinch, serving as VP of Strategy, explained that the team designed the digital asset they wanted to use themselves.

Revenue generated through CASH flows entirely to participating businesses and builders, distinguishing it from competing stablecoin models where issuers retain all interest income. This revenue-sharing approach incentivizes ecosystem development and aligns stakeholder interests more equitably than traditional models.

The token launches exclusively on Solana with multichain expansion planned for subsequent phases. This Solana-first approach leverages Phantom’s strong position in that ecosystem while leaving door open for broader blockchain support matching Phantom Wallet’s multi-chain capabilities.

Phantom Cash Key Features

· Zero Gas Fees – Instant fiat transactions without blockchain transaction costs

· Peer-to-Peer Transfers – Send CASH to other users instantly without intermediaries

· Immediate Bank Funding – Connect bank accounts for instant CASH purchases

· Visa Debit Cards – Virtual and physical cards compatible with Apple Pay and Google Pay

· Yield on Balances – Earn returns on idle CASH holdings through integrated yield products

· 1:1 Dollar Backing – Fully collateralized with transparent reserve audits

Phantom Cash introduces capabilities beyond standard wallet functionality. The platform entered limited early access with broader availability expected next month. Eligible users can join waitlist to secure access once full rollout begins.

Multi-Chain Wallet Capabilities

Phantom Wallet supports multiple major blockchains within single interface, eliminating need to switch between different wallets for different networks. This multi-chain approach provides significant user experience advantages over single-chain wallets requiring separate installations for each blockchain.

Supported Blockchains

· Solana – Phantom’s native chain with deepest integration and feature set

· Ethereum – Full ERC-20 token support and DApp connectivity

· Bitcoin – Native BTC storage and transaction capabilities

· Polygon – Layer-2 scaling solution with low-fee transactions

· Base – Ethereum Layer-2 with growing DeFi ecosystem

· Sui – High-performance blockchain with parallel transaction processing

· Monad – Next-generation EVM-compatible chain

Each blockchain account within Phantom operates independently with unique public addresses. When depositing funds or receiving transfers, users must select correct network—Solana for SPL tokens, Ethereum for ERC tokens, Bitcoin for BTC, and so on. Using wrong network can result in permanent asset loss, making network selection one of most critical aspects of multi-chain wallet usage.

Phantom imposes no limits on the number of tokens, balances, or transactions you can hold and track. This unlimited approach contrasts with some wallets that cap asset types or transaction history, making Phantom suitable for both casual users with handful of tokens and active traders managing dozens of assets simultaneously.

Core Phantom Wallet Features

Send, Receive, and Store Crypto

Send and receive tokens easily to and from any wallet or exchange. Transaction history and notifications monitor all activity in real time, with instant alerts for incoming or outgoing transfers. The receive function generates QR codes for convenient mobile transfers, while send function includes address book for frequently-used destinations.

Built-In Swap Aggregator

Built-in swap aggregator enables instant token exchanges at competitive rates and low fees without leaving Phantom. The aggregator leverages liquidity across multiple decentralized exchanges to optimize prices and minimize slippage. This eliminates need to visit separate DEX platforms, reducing workflow friction and potential security risks from connecting to multiple sites.

NFT Management and Discovery

Manage collectibles by pinning and showcasing NFTs with intuitive gallery view. Spotlight trends through Explore tab featuring NFT collections and trending drops. This integrated NFT support makes Phantom popular among digital art collectors and creators who value consolidated asset management over fragmented experiences across multiple platforms.

Staking and Yield Opportunities

Phantom’s built-in liquid staking lets you convert SOL into Phantom Staked SOL (PSOL), a token whose value automatically increases as rewards accrue. Users can lend and borrow against PSOL with Kamino, or quickly convert SOL to PSOL for passive income generation. This native staking integration provides convenient yield opportunities without requiring complex DeFi navigation.

Social Feed Trading

Use social feed to stay ahead of market trends by following real-time activity from other Phantom users. See what tokens friends, favorite creators, or top traders are buying and selling—then trade directly from feed with one tap. This social layer adds discovery mechanism beyond traditional research, though users should exercise caution as social trading can amplify both gains and losses.

Perpetuals Trading

Trade token prices using leverage directly in Phantom. Built on Hyperliquid, perps let you go long or short without owning underlying asset. You can open positions, manage risk, and track performance—all without leaving app. This advanced trading feature caters to sophisticated users seeking leveraged exposure.

How to Set Up Phantom Wallet

Getting started with Phantom Wallet takes minutes through simple process:

· Download from official website – Visit phantom.com to ensure you’re getting legitimate version (beware of scam sites)

· Create new wallet – Choose between seed phrase or Apple/Google account creation method

· Set strong password – Password used locally per browser profile or device

· Save seed phrase securely – Write down 12-word recovery phrase offline and store safely

· Enable biometric security – Use Face ID or fingerprint on mobile for convenient access

· Fund your wallet – Buy crypto with Apple Pay/Google Pay or transfer from exchanges

Your seed phrase acts like master key and is the only way to recover your wallet if you lose device access. Never share it with anyone, as anyone with your seed phrase gains complete control over your assets. Phantom never asks for your seed phrase—any request is scam attempt.

Phantom Wallet Security Best Practices

Self-custody provides security advantages but requires responsible key management. Follow these essential practices to protect your Phantom Wallet:

· Never share seed phrases – Write down offline, store in secure location like safe

· Use strong unique passwords – Avoid reusing passwords from other accounts

· Enable biometric authentication – Face ID or fingerprint on mobile adds security layer

· Connect only to trusted DApps – Verify website URLs before wallet connection

· Update regularly – Install latest Phantom versions for security patches

· Ignore suspicious tokens – Turn off display for unknown tokens received unexpectedly

· Verify transaction details – Double-check addresses and amounts before confirming

· Start with small amounts – Test transfers with modest sums before moving large balances

Phantom Wallet includes automated scam detection that flags potentially malicious transactions in real time. This protection layer analyzes transaction data and warns users about suspicious patterns, though it cannot catch all scams. User vigilance remains primary defense against phishing attempts and fraudulent DApps.

Apple Pay and Google Pay Integration

Phantom has integrated Apple Pay and Google Pay, eliminating need for users to navigate complex centralized exchanges. This considerably streamlines crypto buying process, addressing major onboarding friction point that prevented mainstream adoption.

To buy crypto with Apple Pay or Google Pay in Phantom Wallet: Log in and click “Buy” tile, select cryptocurrency you’d like to purchase, enter amount, then select “Credit & Debit Card” at bottom. In Quotes window, click “Credit & Debit Card” again to see all payment options including Apple Pay and Google Pay. Select your preferred option and transaction provider, then follow setup process to complete purchase.

Fees for payment options may vary, and some options may be unavailable based on region. This payment flexibility removes barriers that previously required bank wire transfers or credit card details entered on exchanges, creating more friction-free entry into crypto ownership.

Phantom Wallet vs. Competitors

Phantom competes in crowded wallet market against MetaMask (Ethereum-focused), Trust Wallet (Binance-affiliated multi-chain), and Coinbase Wallet (exchange-integrated). Phantom’s differentiation lies in superior Solana integration, cleaner user interface, and now, the CASH stablecoin payment system offering fiat-crypto bridges competitors lack.

The $3 billion valuation reflects investor confidence in Phantom’s positioning as Solana ecosystem matures. While Ethereum remains larger by market cap, Solana’s superior transaction speeds and lower fees attract developers building consumer applications. Phantom’s dominance in Solana positions it advantageously as that ecosystem grows.

FAQ

Is Phantom Wallet safe?

Yes, Phantom Wallet is non-custodial, meaning you control your private keys and the platform never accesses your funds. It includes scam detection, hardware wallet support (Ledger), and automated security warnings. However, safety depends on proper seed phrase management.

What blockchains does Phantom Wallet support?

Phantom supports Solana, Ethereum, Bitcoin, Polygon, Base, Sui, and Monad. Each blockchain has separate public address within the wallet, allowing management of assets across multiple chains in single interface.

How much does Phantom Wallet cost?

Phantom Wallet is free to download and use. However, blockchain transaction fees (gas fees) apply when sending tokens or interacting with DApps. The new CASH feature eliminates these fees for stablecoin swaps.

What is CASH stablecoin?

CASH is Phantom’s dollar-pegged stablecoin developed with Stripe and Bridge, offering 1:1 dollar backing with full collateralization. It enables zero-fee transactions, bank connections, and will support Visa debit cards with Apple Pay and Google Pay compatibility.

Can I use Phantom Wallet on mobile?

Yes, Phantom is available as mobile app for iOS and Android, plus browser extensions for Chrome, Firefox, Brave, and Edge. The mobile version includes biometric security like Face ID and fingerprint authentication.

How do I recover my Phantom Wallet if I lose my device?

Use your 12-word seed phrase to recover your wallet on any new device. This is the only recovery method—Phantom cannot recover wallets for you. Store seed phrases securely offline and never share them with anyone.