CASH

Overview

CASH is a stablecoin designed for real-world utility and payments. It was designed by the wallet provider Phantom using Open Issuance, the stablecoin issuance infrastructure from Bridge and Stripe, and launched first on the Solana network.

Open Issuance is infrastructure that lets partners issue their own branded stablecoins and manage the underlying reserves; it is operated by Bridge, which was acquired by Stripe. CASH is issued through this framework and targets practical use cases such as transfers and payments, leveraging Solana's low fees and fast settlement.