• Phantom Wallet launches prepaid debit cards in the US for spending stablecoins via Apple Pay and Google Pay.
• The card converts stablecoins to dollars at purchase letting users spend like a regular debit card.
• Access requires ID verification and unlocks extra features including bank transfers and instant stablecoin swaps.

Phantom Wallet has begun rolling out its prepaid debit card in the United States. The new card allows users to spend on-chain stablecoins using Apple Pay and Google Pay. Early access started on December 15 through Phantom’s waitlist, with a phased rollout planned throughout the week. For now, the card is limited to U.S. users, while international expansion is expected later.

The Phantom Cash debit card functions as a Visa prepaid card. It allows spending directly from the Phantom Cash balance, which is backed by the U.S. dollar-pegged stablecoin CASH on Solana. At launch, users receive a virtual card for contactless payments through Apple Pay and Google Pay.

Physical cards are expected in future stages. The app converts stablecoin balances into dollars at the point of sale. This removes the need to manually sell cryptocurrency or preload a separate account. Users can make purchases in a manner similar to a regular debit card, while staying fully crypto-native.

Identity Verification and Additional Features

Access to the Phantom Cash card requires identity verification. This process unlocks extra features inside Phantom Cash, including direct bank transfers and seamless on- and off-ramps. Phantom clarified that it is not a bank. The prepaid Visa card is issued by Lead Bank and managed by Bridge Ventures. Fees may apply depending on usage.

The debit card launch builds on Phantom’s expansion beyond swaps and token storage. Earlier, the platform introduced a dedicated Cash tab. It enables gasless peer-to-peer transfers and instant stablecoin conversions using Phantom usernames. These updates aim to make the wallet more than a trading platform.

Evolving Into a Financial Hub

Phantom has added features designed to keep users engaged within the app. Prediction markets, stablecoin payments, and yield products gradually transform the wallet into a lightweight financial hub. These changes move Phantom closer to a full-service app rather than a simple crypto interface. With over fifteen million monthly active users across Solana, Ethereum, Bitcoin, and Sui, Phantom is entering a highly competitive space. 

Last year, Phantom Wallet was urged to support Dogecoin, highlighting benefits like faster transactions, DeFi access, and potential market growth. Other wallets and exchanges have launched crypto-linked debit cards, but Phantom keeps funds on-chain until purchase. This approach differentiates it from competitors. World Liberty Financial also plans to launch a debit card and retail app.

Adoption and Future Outlook

Currently, access remains limited, and the company advises users on the waitlist to be patient. The rollout is expected to continue expanding throughout the week. If adoption grows, the debit card could become one of Phantom’s most visible features. The launch tests how willing users are to spend stablecoins in daily life. Early reception will likely shape the wallet’s next expansion steps.