Block’s Cash App has rolled out a stablecoin payment feature to nearly 60 million users, with 25% of users already activated, and plans to expand it to 100% this week. The move shows a shift in management’s stance: Dorsey has moved from being a long-term Bitcoin supporter to acknowledging the value of non-Bitcoin networks. The total market value of stablecoins has reached $322 billion, exceeding the foreign exchange reserves of 95 countries. Users can use Circle USDC as a fiat balance and withdraw it to external accounts in stablecoin form; USDC supports four networks: Solana, Ethereum, Polygon, and Arbitrum.

CoinNetwork

2026-05-27 14:43:25

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CryptoWorld News, Block’s Cash App has quietly begun rolling out stablecoin payment features to its nearly 60 million users. Currently, the feature has been activated for 25% of users, and plans are to expand it to 100% within this week. This launch marks a shift in Block leadership’s ideology, changing how the platform handles digital fiat currency. Block CEO Jack Dorsey has long been a staunch supporter of Bitcoin, but he has now gained a new understanding of the value of non-Bitcoin networks. Currently, the total market value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of more than 95 countries. Users can deposit Circle’s USDC stablecoin from external accounts to fund their Cash App fiat balance, or withdraw funds in stablecoin form to external accounts. This feature supports USDC across four networks, including Solana, Ethereum, Polygon, and Arbitrum.

BTC-2.84%

SOL-2.95%

ETH-4.1%

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GateUser-4590f4c6

· 9h ago

Polygon and Arbitrum are both live; StarkNet doesn't seem to have much presence?

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ExitLiquidityIntern

· 12h ago

Extracted to external accounts, finally bridging CEFI and the last mile on the chain

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AlphaAfterTea

· 12h ago

Cash App has nearly 60 million users; this adoption rate is more terrifying than any DeFi protocol.

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ColdStartUnderTheAurora

· 12h ago

The market capitalization of stablecoins is likely to push more countries to establish regulatory frameworks.

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GateUser-88d5d071

· 12h ago

Is Dorsey turning around? He was probably forced by the board—before business, belief gives way.

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CliffsideAncientPineAndRolling

· 12h ago

From 25% to 100% in just a week—Cash App’s progress is a bit too fast.

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IceCreamUnderTheNeonLights

· 12h ago

Jack finally stopped fighting Bitcoin; is this enlightenment or betrayal of faith?

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Block Cash App launches stablecoin payment feature, covering 60 million users

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