Cash App, a subsidiary of Block, is gradually rolling out stablecoin features to nearly 60 million users, with full access within this week. This is no longer just a stablecoin for exchanges but a currency tool embedded in everyday payment scenarios.

When 60 million users can send and receive stablecoins directly on Cash App, it signifies a shift from "cryptocurrency trading" to "ordinary people's payment options." The circulation volume and usage frequency of stablecoins may therefore experience a structural leap, no longer relying on exchange liquidity pools.
Payment giants pushing stablecoins, compliance is key. Relying on Block's licensing and regulatory experience, Cash App is taking a "bank-level" approach rather than a DeFi-style bottom-up method. This approach is slower but more sustainable—once users develop habits, switching costs become extremely high.
Counter risks include insufficient user education, tightening regulations later on, and the inherent design risks of stablecoins themselves (such as reserve transparency). But regardless, this marks a milestone for stablecoins moving from "trading tools" to "payment tools."
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