Phantom, the Solana-focused crypto wallet, has begun early access rollout of its Phantom Cash prepaid Visa debit card, starting with users in the United States and promising international availability afterward. The company announced on X that waitlisted users will start getting access this week, initially via virtual cards that can be added to Apple Pay and Google Pay, with physical cards to follow later. The Phantom Cash card lets users spend directly from an on-chain stablecoin balance rather than preloading a separate fiat account. Purchases draw from a Phantom Cash balance that is backed by CASH, a USD-pegged stablecoin on Solana issued via Bridge infrastructure and reportedly backed 1:1 by U.S. dollar reserves. At the point of sale, the app converts the on-chain stablecoin into dollars, aiming to make the experience similar to a conventional debit card while keeping funds crypto-native. Identity verification (KYC) is required to unlock the card and related features such as bank transfers and on/off-ramps. Phantom emphasizes it is not a bank; the card is a prepaid Visa debit card issued by Lead Bank and program-managed by Bridge Ventures, and it may include fees and usage limits. Early access is being rolled out in stages through a waitlist and is currently restricted to U.S. users (with some state exclusions such as New York and Alaska in certain cases), with an international version planned after the domestic launch. This move positions Phantom to compete more directly with mainstream money apps by linking everyday card spending to on-chain assets on Solana.

AI-generated background, compiled from web sources — not editorial content.

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