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PROGRAMMABLEMONEY

Six pieces of programmable money pulled apart layer by layer, and The Full Stack in the middle showing how they connect. Pick a world to open it.

ANATOMY OF ASTABLECOIN

Peg$1.000
Backing101%
In / out6 / 6
GENIUS8/8
All chapters
Viewdrag to orbit · 1 2 3
15%
Motion
Theme
Real stablecoin · Anatomy of a Stablecoin

Phantom CASH (CASH)

Phantom’s own dollar, issued by Bridge on Solana and used as the wallet’s default balance.

Issuer
Bridge (Stripe), for Phantom
Launched
Sept 2025
Supply
≈ $128M
Route
Via Bridge
How it is issued
Issuer as a service (Bridge Open Issuance)
License
Bridge Building Inc., a licensed money transmitter. Bridge’s trust bank has conditional OCC approval (Feb 2026) and is not open yet
Reserves
T-bills, repos, government money funds and cash, held by Bridge in segregated accounts and managed by firms such as BlackRock, Fidelity and Superstate
Reports
Bridge’s public reserves page, with monthly attestations
Networks
Solana, plus HyperEVM
Yield
No yield to holders. The reserve income goes to Phantom
Access
Stripe onramp in Phantom, virtual accounts and direct deposit; out to a bank through Bridge or spent with the Phantom Card
GENIUS Act
Issued by Bridge, which is on the federal trust bank path. Until that bank opens, Bridge Building Inc. issues CASH under its state licenses.

Check the supply yourself

More stablecoins

XO ctUSD USDT USDC USDe DAI USD1 USDG PYUSD RLUSD USDD U TUSD EURC SoFiUSD USDai

Public information as of October 2026, simplified. Not legal or investment advice. Open the full stablecoins world.

Sources165Created by Andres Lamothe