Phantom has launched "Phantom Cash," a new feature allowing users to hold cash balances directly within the wallet.

The new feature introduces a dedicated Cash Account tab powered by CASH, a fully backed 1:1 USD stablecoin issued by Bridge and designed in collaboration with Phantom.

Key Features Available Immediately

• Fund Your Cash Account Instantly: Users can "quick sell" any supported cryptocurrency directly into CASH with no fees on stablecoin conversions, providing seamless liquidity for everyday use.
• Send and Receive CASH Anywhere: Transfer CASH to any wallet address or Phantom username in seconds – no gas fees, no delays.
• Lightning-Fast, Gasless Trades: Swap between crypto assets and CASH (or other stablecoins) without paying network gas, making trading feel as smooth as traditional finance apps.
  

Phantom emphasizes that these features are fully self-custodial and built on Solana, keeping users in complete control of their funds while eliminating common crypto friction points.

The rollout comes amid growing competition in the stablecoin and crypto payments space, where wallets are racing to bridge the gap between decentralized finance and real-world spending. With over 15 million monthly active users, Phantom positions CASH as an "open-loop" stablecoin built for mass adoption, distinguishing itself through zero-fee stablecoin swaps and deep wallet integration.

Read More:
https://phantom.com/learn/blog/phantom-cash-accounts-are-here