Phantom is the modern money app used by tens of millions around the world. In 2025, it launched its own stablecoin, CASH, through Bridge’s Open Issuance platform. With a suite of money products built on Stripe and Bridge—including CASH, a native crypto onramp, a branded spending card, and virtual accounts—Phantom users can save, trade, and spend without ever leaving the app.
Phantom became the first business to launch a stablecoin on Bridge’s Open Issuance platform in September 2025. Working with Stripe and Bridge, Phantom built CASH alongside a native onramp, a branded spending card, and virtual accounts.
In spring 2026, Phantom rolled out the Phantom debit card to all users, and issued cards to thousands of users within weeks of general availability.
“We're becoming a global money app. You can save, trade, and spend in the same account, without ever leaving Phantom,” said Will McComb, product lead for money movement at Phantom.
Until recently, crypto users who wanted to fund their wallets or spend their balances often had to leave their wallet app to do so. Funding typically required using a centralized exchange or a pop-up onramp provider, leading to friction and drop-off. On the spending side, users had to cash out before they could use their funds in everyday transactions.
CASH: The first stablecoin on Open Issuance
In partnership with Bridge, Phantom created CASH after finding that existing stablecoins didn’t offer the same features for a user’s overall money experience. Using Bridge’s Open Issuance platform, which allows businesses to design, launch, and manage their own stablecoins, Phantom was able to launch CASH as the first stablecoin on the platform.
Pegged 1:1 to the US dollar, CASH is designed to be the default store of value for Phantom users. It lets users hold and use funds directly within their wallet. With the Phantom Card, CASH is already accepted at thousands of Stripe merchants, giving Phantom users a growing network of places to spend online.
“CASH is just money. It's simple and easy to use, and it's usable anywhere online with thousands of Stripe merchants or in the real world with the Phantom Card,” McComb said.
To make it easy for users to fund their Phantom account and convert those funds into CASH, the company integrated Stripe’s Crypto Onramp via embedded components. Rather than redirecting users to a third-party webview, the onramp is built directly into the Phantom app for a more native experience. It uses Link, a digital wallet built by Stripe, so users can fund with saved payment methods and use their saved verification details for faster checkout.
From stablecoin to spending card
Phantom also launched Phantom Card, a stablecoin-backed card built on Stripe Issuing, and integrated with Bridge’s stablecoin infrastructure. The card allows users to spend their CASH balance anywhere without having to off-ramp their funds first. In spring 2026 after general availability, Phantom issued thousands of cards.
Looking ahead, the company plans to expand the card globally through Stripe’s issuing network, bringing the product to its large international user base.
“We chose Stripe and Bridge for our card program because we needed a trusted, regulated partner with global reach,” McComb said. “We're excited to have the ability to launch the card anywhere around the world.”
A global money app for earning through virtual accounts
For additional flexibility, Phantom also enabled users globally to transfer funds directly from their bank accounts or via direct deposit from their employers using virtual accounts through Bridge, with funds automatically converted into CASH. Users are issued deposit instructions in their name, making it easy to use Phantom as their primary account to hold and save their earnings. If a user needs to offramp to their local bank account, they can manage this through Bridge liquidation addresses that convert CASH back to USD.
“We want to make crypto usable in everyday life. CASH becomes the default store of value for Phantom users because it’s simple and easy to use,” McComb said.
