Profile
CASH profile facts
CASH (CASH) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- U.S. Treasury bills (≤3 months maturity), reverse repurchase agreements backed by U.S. Treasuries, U.S. government money-market funds, deposit accounts, and tokenized equivalents held in segregated bankruptcy-remote accounts
- Peg mechanism
- Direct 1:1 redemption via Bridge Building Inc. (BBI) with reserves held in bankruptcy-remote custodial accounts
- Jurisdiction
- United States / FinCEN / state MTL authorities / Money Services Business (NMLS #2450917)
- Proof of reserves
- Real-Time PoR by Bridge Building Inc (Bridge by Stripe) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
CASH quick answers
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What is CASH?
CASH is Phantom and Bridge Building's centralized USD stablecoin on Solana, redeemable 1:1 and backed by short-term U.S. Treasuries, repos, and MMFs. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption via Bridge Building Inc. (BBI) with reserves held in bankruptcy-remote custodial accounts.
Is CASH safe?
As of Oct 24, 2026, Pharos grades CASH C- (51/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs CASH?
Pharos records CASH's reserves as of Oct 10, 2026 as 93% U.S. Treasury and government money-market fund exposure and 7% Cash and deposit accounts in the BBI Reserve. Reserve evidence: Real-Time PoR by Bridge Building Inc (Bridge by Stripe). Pharos classifies the backing as Real-World Asset Backed.
Can CASH be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem CASH?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem CASH for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed redemption fee is at most 0.85%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
