Phantom Wallet rolls out on-chain debit card to US users

Phantom Wallet has begun rolling out a debit card in the US, allowing users to spend on-chain stablecoins through Apple Pay and Google Pay.

Phantom confirmed in a post on X on December 15 that early access to its Phantom Cash prepaid debit card is rolling out to users in the United States, marking a significant step in its efforts to transform cryptocurrency wallets into everyday money apps.

The rollout will begin with a gradual release with a waiting list for Phantom, limited to US users for now, with global expansion planned later. Phantom said access will remain open throughout this week.

Spend directly from your Phantom Wallet on-chain balance

The Phantom Cash Debit Card is a Visa prepaid card that users can use directly from their Phantom Cash balance, backed by Solana’s USD-pegged stablecoin CASH. At launch, users will receive a virtual card that can be added to Apple Pay and Google Pay for contactless payments, but physical cards will be available at a later stage.

The app converts on-chain stablecoin balances to dollars at the point of sale at the time of purchase. Users don’t have to manually sell their crypto or preload a separate balance before making a purchase, giving them a similar experience to using a regular debit card while being crypto-native.

You will need to verify your identity to access your card, but this will also unlock additional features within Phantom Cash, such as direct bank transfers and seamless on/off ramps. Phantom notes that the company is not a bank and its prepaid Visa cards are issued by Lead Bank and managed by Bridge Ventures, and may incur fees based on usage.

Part of a broader push for everyday payments

The debit card launch builds on Phantom’s steady expansion throughout the year beyond swaps and token storage. Earlier this winter, Phantom introduced a dedicated Cash tab that supports gasless peer-to-peer transfers and instant stablecoin conversion using Phantom usernames.

Phantom has also added features aimed at keeping users in the app for more than just transacting. Prediction markets, stablecoin payments, and yield products have gradually made wallets more like lightweight financial hubs than pure crypto interfaces.

With over 15 million monthly active users on Solana, Ethereum, Bitcoin, and Sui, Phantom is now entering an increasingly competitive space. While other wallets and exchanges have launched debit cards tied to cryptocurrency balances, Phantom’s approach stands out in that it holds funds on-chain until the moment of purchase.

For now, access remains limited, and the company is asking users still on its waiting list to be patient as the rollout continues. If implemented, the debit card will be one of Phantom’s most visible features to date, quietly testing how comfortable users are with using stablecoins in their daily lives.