CASH, issued by Bridge Ventures LLC and tokenized by Phantom Technologies, Inc., is a stablecoin that holds a fixed one-to-one peg to the U.S. dollar (USD), fully backed and held by the tokenholder as an onchain Solana token [S1][S2].

Each CASH token tracks the U.S. dollar (USD) at a fixed 1:1 peg and is described as a fully backed, open-loop stablecoin issued by Bridge [S1]. The token is price-stable rather than yield-bearing, with no NAV accrual, coupon, dividend, or rebasing mechanic [S1][S2]. Swaps from supported Solana stablecoins, including USDC, USDT, USDG, and PYUSD, into CASH carry no swap fee, though holders pay onchain network fees in SOL [S2][S3].

Bridge Ventures LLC is the named token issuer and program manager, while Phantom Technologies, Inc., governed by the laws of California, designs the product and states it is not a bank, broker-dealer, or money transmitter [S4][S5][S1]. Tokenholders hold CASH in a self-custodial Solana smart-contract wallet that only the user controls, and both firms disclaim custody and cannot access funds [S2][S5]. Onchain use requires no KYC, while bank and card rails require Stripe-handled identity verification, initially available in the United States only, excluding New York and Alaska [S1][S6]. U.S. users outside New York may redeem to a U.S. bank account at 1:1 [S2][S3].

CASH is a Solana Program Library (SPL) token operating only on Solana, and cannot receive tokens from other networks without first being moved to Solana [S2]. Holders mint CASH by swapping supported Solana stablecoins or by funding via ACH or wire processed by Bridge, which manages USD-to-CASH conversion at 1:1; bank settlement occurs at a 1:1 rate against the fixed USD peg [S2][S3].

<Sources
  retrievedAt="2026-06-23"
  items={[
    { id: "S1", url: "https://help.phantom.com/hc/en-us/articles/44799497237395-About-Phantom-Cash" },
    { id: "S2", url: "https://help.phantom.com/hc/en-us/sections/44633337948179-Phantom-Cash" },
    { id: "S3", url: "https://help.phantom.com/hc/en-us/articles/28469415977491-Cash-out-crypto-from-Phantom" },
    { id: "S4", url: "https://help.phantom.com/hc/en-us/articles/44800866087443-Cash-FAQ" },
    { id: "S5", url: "https://phantom.com/terms" },
    { id: "S6", url: "https://phantom.com/learn/blog/introducing-phantom-cash" },
  ]}
/>


Unique addresses that sent the asset via agentic payments (x402 protocol) over a rolling 7-day window.

Asset senders (weekly, Agentic)

Stablecoins

website

Wallet providers

Phantom

Phantom CASH (CASH) is a U.S. dollar stablecoin issued by Phantom.

Holders can mint and redeem directly with Phantom in USD after completing KYC, and holders have a contractual right to redeem at par.

CASH has been issued on Solana as a SPL Token-2022 token since August 2025.

Phantom CASHCASH