Keynote
- Phantom’s new payments SuperApp uses Bridge issued Cash Stablecoin with upcoming Stripe integration for merchant payments.
- Industry experts predict that increasing competition will shift power dynamics from publishers to end users who benefit consumers.
- Stablecoin Market is approaching a record $300 billion valuation amid launches from Visa’s Plasma, CloudFlare and Payment Integration.
Phantom, a major crypto wallet native to Solana
Sol
$206.8
24-hour volatility:
1.3%
Market Cap:
$112.36 b
Vol. 24H:
$6.76 b
announced the launch of Phantom Cash, a cryptocurrency payment super app that just launched Stablecoin Cash, built on Solana and raised in US dollars. The launch this September 30th will strengthen the competition between the payments super app and stubcoin, which some experts call “The Stablecoin Supercycle” or “Stablecoin Wars.”
“Stablecoin Wars in Solana is getting hot. The days when publishers stop earning all their returns or giving up cutting users themselves are suggested that users will ultimately endorse them,” said Mert, co-founder of Helius.
Phantom has released a new Stablecoin in Solana
Stablecoin Wars in Solana is about to get hot
The day when the publisher takes all the yields themselves or makes backrun deals that cut users will be over quickly
– mert | helius.dev (@0xmert_) September 30, 2025
According to the announcement, Phantom has decided to build its own Stablecoin issued on the bridge as “the existing stables were not built for everyday life.” This post promises future integration into Stripe’s global merchant network, doubles its mission to “make crypto safe and easy.”
Our mission is to make cryptography safe and easy.
Phantom Cash does just that by bridging the gap between cryptography and your daily life.
– Phantom (@phantom) September 30, 2025
Stablecoin’s Super Cycle and War
The story of “Stablecoin Supercycle” is proven by the search for X for this keyword and is growing rapidly in the cryptography groove. Various commentators say we live in Stablecoin Supercycle. This Crypto solution is significantly fitted to the product market to attract investors, builders and users around the world.
Meanwhile, this reality inevitably creates a niche “war”, where competitors fight to gain market share, each counting customized solutions. Solana and Ethereum
ETH
$4 110
24-hour volatility:
1.0%
Market Cap:
$495.27 b
Vol. 24H:
$32.44 b
Considering both the network effects and fluidity of the chain, these are two battlefields that could play an important role in these dynamics.
In particular, Stablecoin’s total market capitalization is around a record high of nearly $300 billion. To be precise, Defillama’s data shows a market capitalization of $2977.9 billion among all blockchains at the time of this writing.
Total values locked on the Defi and Stablecoin market capitalization charts as of September 30, 2025 | Source: Defilama
As reported by Coinspeaker, Tether Backed Plasma recently launched the Stablecoin SuperApp, CloudFlare announced its own Stablecoin, Net on September 25th, and today Visa began the process of pledging to increase cross-border stubcoin payments. Google, Coinbase, Kraken, Circle and others are also deploying solutions to benefit from the growing demand for crypto payments.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Vini Barbosa has been a specialized cover of the Crypto industry since 2020, writing and editing over 10,000 hours of content related to media outlets and players in major industries. Vini is an active commentator, a heavy user of technology and truly believes in its innovative potential. Topics of interest include blockchain, open source software, distributed finance, and real-world utilities.
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