CASH is a fully backed US dollar stablecoin issued by Bridge. Inside Phantom, CASH is the dollar balance users hold, funded from a local bank account or debit card and then spent, traded, or sent without converting first. CASH balances settle on Solana in seconds at low cost and move to any wallet or app that accepts them, so users keep their own keys and can take their dollars elsewhere. Originating CASH lets Phantom own the cash balance UX, from a user's local bank account to the wallet they control.