Phantom Wallet Launches CASH, Adds Fuel to Stablecoin Wars on Solana
The post Phantom Wallet Launches CASH, Adds Fuel to Stablecoin Wars on Solana appeared on BitcoinEthereumNews.com.
Key Notes Phantom’s new payment superapp uses Bridge-issued CASH stablecoin with upcoming Stripe integration for merchant payments. Industry experts predict increased competition will shift power dynamics away from issuers toward end users benefiting consumers. The stablecoin market approaches record $300B valuation amid launches from Plasma, Cloudflare, and payment integrations by Visa. Phantom, a leading crypto wallet native to Solana SOL $206.8 24h volatility: 1.3% Market cap: $112.36 B Vol. 24h: $6.76 B , has announced the launch of Phantom Cash, a superapp for cryptocurrency payments built on Solana and powered by the also just launched US dollar-pegged stablecoin CASH. This September 30 launch intensifies the competition among payment superapps and stablecoins, in what some experts are calling “the stablecoin supercycle” or “stablecoin wars.” Helius co-founder Mert commented on the launch, saying, “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,” he added, suggesting the growing competition will favor users eventually. 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 According to the announcement, Phantom decided to build its own stablecoin—issued by Bridge—because “existing stables weren’t built for everyday life.” The post also promises an upcoming integration to Stripe’s global merchant network, doubling down on its mission “to make crypto safe and effortless.” Our mission to make crypto safe and effortless remains. Phantom Cash does just that by bridging the gap between crypto and your daily life. — Phantom (@phantom) September 30, 2025 The Stablecoin Supercycle and Wars The narrative…
