Phantom Launches U.S. Debit Card, Bridging Crypto Wallets to Everyday Spending

Phantom, the popular non-custodial crypto wallet, has initiated the early-access rollout of its Phantom Cash prepaid debit card in the United States. The company confirmed on December 15 that the phased release to users on the U.S. waitlist begins this week, with plans for future international expansion. This move is a strategic step in transforming the wallet from a crypto interface into a comprehensive everyday financial application.

The Phantom Cash platform centers on a Visa debit card that allows U.S. users to spend their wallet balances anywhere Visa is accepted. The card is linked to a U.S. dollar-pegged stablecoin called CASH, which is built on the Solana blockchain and was developed in partnership with Stripe and Bridge. The system supports instant funding via bank transfers or debit cards, enabling real-time access to funds for spending.

Initially, users will gain access to a virtual debit card compatible with Apple Pay and Google Pay, with physical cards expected to follow. The platform facilitates peer-to-peer payments and streamlined crypto-to-cash conversions, aiming to drive the everyday use of stablecoins. Beyond payments, Phantom Cash integrates broader financial features within the app, including access to prediction markets and yield products, positioning the wallet as a multifunctional financial hub.

With over 15 million monthly active users across Solana, Ethereum, Bitcoin, and Sui, Phantom enters a competitive field of crypto debit solutions. The company emphasizes that funds remain on-chain until the moment of purchase, which it states enhances security and transparency. By tethering spending to stablecoins, the product also aims to shield users from cryptocurrency price volatility during daily transactions.

Analysts view the launch as a response to rising demand for crypto wallets with practical, everyday utility. Phantom's initiative is seen as potentially accelerating mainstream adoption of digital dollars and stablecoins by lowering the entry barrier for new users through familiar payment rails. The phased U.S. rollout allows for controlled testing before broader adoption and future updates, which are expected to include additional funding options and expanded country availability.