- Phantom Cash allows instant funding and fee-free stablecoin trades.
- Built on Stripe’s Open Issuance for easy stablecoin management.
- Integrates with Apple Pay, Google Pay, and peer-to-peer transfers.
Phantom has unveiled Phantom Cash, a consumer payments platform that expands its popular crypto wallet into a versatile money app. Users can now fund balances instantly via bank or card, buy and sell crypto without fees on stablecoins, make payments using Visa through Apple Pay or Google Pay, and send money to peers. The service operates on CASH, a stablecoin issued through Bridge, the infrastructure company recently acquired by Stripe.
Meet Phantom Cash 👻✨
— Phantom (@phantom) September 30, 2025
The power of crypto 🤝 the ease of cash. pic.twitter.com/F7yL7sNxKd
Powered by Open Issuance
Phantom Cash is the first live product built on Stripe’s Open Issuance platform, which debuted at Stripe’s annual showcase in New York. Open Issuance enables businesses to launch and manage stablecoins with minimal coding. Phantom’s adoption provides Stripe with a high-profile use case, highlighting its strategy to move stablecoins from niche crypto tools to mainstream payment options.
Robust Infrastructure and Interoperability
Reserve management for Phantom Cash is handled by institutions including BlackRock, Fidelity, and Superstate, while liquidity operations are managed by Lead Bank. The platform’s stablecoins are interoperable, reducing conversion and settlement costs. This approach demonstrates Stripe’s commitment to reliability and efficiency in the evolving stablecoin ecosystem.
The Bigger Picture: AI and Agentic Commerce
Stripe executives framed the launch as part of a broader push into “agentic commerce”, where AI agents can transact on behalf of users. Phantom’s launch sits alongside other stablecoin initiatives, including mUSD for Metamask and USDH for Hyperliquid, all using Open Issuance. This move positions Phantom as a leader in bridging crypto and everyday payments.
Also Read: Stripe Launches Stablecoin Issuance Platform and Seeks U.S. Banking License
Phantom Cash represents a major step in making crypto wallets practical for everyday transactions. With instant funding, fee-free stablecoin trading, and seamless payment options, Phantom is redefining what a digital wallet can do—moving it from a niche crypto tool to a mainstream financial app.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
