Catenaa, Thursday, October 02, 2025- Crypto wallet Phantom has expanded into a consumer money app with the launch of Phantom Cash, powered by Bridge’s CASH stablecoin and Visa-backed payments, marking the first stablecoin issuance on Stripe’s Open Issuance platform.
The new product enables users to fund balances instantly via bank or card, trade stablecoins without fees, send money to peers, and pay with Apple Pay or Google Pay.
Phantom Cash leverages Open Issuance, Stripe’s platform allowing businesses to launch and manage stablecoins with minimal code. Reserve management is outsourced to institutions including BlackRock, Fidelity, and Superstate, while Lead Bank handles liquidity.
Stripe positions the launch as a step toward mainstream adoption of stablecoins, extending beyond crypto niches into everyday payments. The company frames the initiative as part of “agentic commerce,” enabling AI agents to transact on users’ behalf.
Phantom Cash also enhances the utility of Bridge’s CASH token within a regulated and interoperable stablecoin ecosystem.
Other crypto projects, including Metamask with mUSD and Hyperliquid with USDH, are preparing to issue stablecoins on Stripe Open Issuance, underscoring the platform’s growing adoption.
The integration demonstrates how established crypto wallets are bridging decentralized finance with traditional financial rails, offering consumers more seamless access to crypto-powered payment solutions.
Phantom’s expansion signals a wider push to merge crypto wallets with mainstream financial services, highlighting the role of Open Issuance as an infrastructure tool for regulated and interoperable stablecoins in consumer payments.
