Phantom's CASH stablecoin has surpassed $100 million in circulation just two months after its launch on September 30. The rapid adoption is attributed to strategic product design and incentive programs. A key feature introduced in mid-November is a fee-free CASH account, enabling instant transfers and integration with bank cards. In early October, Phantom collaborated with Kamino to initiate a growth program for CASH, offering KMNO tokens as rewards to users. By November 25, the number of CASH transactions had reached nearly 162,000, underscoring the strong momentum following the token's launch.