The post Phantom’s CASH Stablecoin on Solana Takes Aim at Stablecoin Market appeared on BitcoinEthereumNews.com.

TLDR Phantom has launched Phantom Cash, a superapp for cryptocurrency payments built on the Solana blockchain. The new app is powered by the US dollar-pegged stablecoin CASH, designed for everyday transactions. Phantom aims to improve crypto payments by integrating with Stripe’s global merchant network. The stablecoin market is nearing a $300 billion cap, intensifying competition among issuers like Phantom. Solana’s fast and scalable network makes it a key platform for stablecoin solutions and crypto payments. Phantom has officially launched Phantom Cash, a superapp for cryptocurrency payments, built on the Solana blockchain. The new service includes the US dollar-pegged stablecoin, CASH, which aims to reshape crypto payments. This move intensifies the growing competition in the stablecoin market, which is nearing a $300 billion market cap. Phantom Introduces CASH Stablecoin on Solana Phantom’s new superapp, Phantom Cash, is designed to simplify cryptocurrency payments on Solana. The app supports the newly launched CASH stablecoin, which is pegged to the US dollar. Phantom claims existing stablecoins were not built for everyday transactions, prompting the creation of this new solution. Phantom has released a new stablecoin on Solana the stablecoin wars on Solana are about to heat up the days of issuers taking all yield for themselves or doing backrun deals that cut users out are gonna end fast https://t.co/g86aG12Wul — mert | helius.dev (@0xMert_) September 30, 2025 The stablecoin aims to make crypto payments safer and easier for users. Phantom has also promised an integration with Stripe’s global merchant network. This step will enable users to pay with cryptocurrency seamlessly across various platforms. Phantom’s launch aims to address the current limitations in the stablecoin market. By leveraging the Solana blockchain’s speed and low transaction costs, the app promises improved usability. According to the announcement, this launch is a step toward making crypto more accessible…

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Filed under: News - @ October 1, 2025 1:22 am