CASH

CASH is a USD-pegged stablecoin designed to maintain a value of one US dollar and serve as a medium of exchange for everyday transactions. It was created by Phantom, the Solana wallet provider, using an issuance framework built by Bridge and Stripe, and it launched first on the Solana blockchain. Its stated purpose is real-world utility, meaning it is aimed at users who want a digital dollar that behaves predictably in payments and transfers.

CASH lives on the Solana blockchain, which accounts for the near-zero block time recorded in the data. It is issued through Open Issuance infrastructure provided by Bridge and Stripe, meaning third-party rails handle the minting and redemption process that ties each token to an underlying dollar equivalent. No consensus algorithm is stored for the token itself because CASH is a token on an existing chain rather than a standalone network.

No fee stream for the protocol is recorded in the data stored here, which means the standard fee-based measures this site calculates for other assets are not applicable to CASH. The token's economics center on the issuance and redemption mechanism operated by Bridge and Stripe rather than on on-chain fee collection. The circulating supply stands at 124,468,527.01 units at the point in time captured, and the 30-day supply change of 1.873446 percent reflects recent net issuance activity.