Cash Launches USD-Backed $CASH Stablecoin on Solana

Developed by Phantom and issued via Bridge’s Open Issuance with Stripe, the new stablecoin targets deep liquidity and broad developer adoption.

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Terms & Concepts
  • Stablecoin: A type of cryptocurrency pegged to a reserve asset like the U.S. dollar to maintain price stability.
  • Solana: A high-performance blockchain platform known for its fast transaction speeds and low costs.
  • Open Issuance: A framework by Bridge enabling decentralized issuance of digital assets, streamlining deployment and compliance.