The native stablecoin of self-custody web3 wallet Phantom, Cash (CASH), recently surpassed the $100 million mark in supply, per data from Artemis, after debuting on Sept. 30.

The supply acceleration appears driven by both product design and on-chain incentives. In mid-November, Phantom introduced a fee-free “Cash Account,” allowing instant bank funding, peer-to-peer transfers, and debit-card integration via the stablecoin’s issuer, Bridge, and Stripe.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io