Crypto wallet Phantom unveils dollar-pegged stablecoin CASH

Solana-based crypto wallet Phantom has unveiled a U.S. dollar-pegged stablecoin, CASH, in partnership with payment firms Stripe and Bridge, Decrypt reported. The stablecoin will be used on Phantom's upcoming financial platform, Phantom Cash, which is scheduled for an official launch in November. The platform will offer features including peer-to-peer payments, bank funding, debit card issuance, and stablecoin rewards.