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Phantom's Cash Stablecoin Sees $83M In April Volume
Phantom Cash stablecoin finds itself in the top spot among wallet providers issuing a branded stablecoin, as MetaMask trails in supply and monthly volumes.
Branded stablecoins developed by white-label issuers are active onchain (Milad Fakurian / Unsplash)
Phantom's Cash stablecoin transacted $83M in April.
Phantom is currently ahead among the top wallet providers in branded stablecoin activity as its custom Cash stablecoin hits a $83.47M volume in the month of April (with a few more days to go). Currently live on just the Solana network, its total supply remains unchained at 120M per DefiLlama.
Cash stablecoin is issued by Bridge and was announced as part of Stripe's Open Issuance launch earlier this year.
In second place is MetaMask's mUSD stablecoin developed by M0. Although launched prior, it saw $38.12M in onchain activity this month. There's a slight discrepancy in total supply between DefiLlama and M0's stablecoin dashboard, but range sits at $32-33M.
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