The market value of stablecoins exceeds 95% of foreign reserves, and Cash App’s 60 million users are fully active this week—Dorsey’s belief iteration is faster than coin price fluctuations, but users only care whether their money can arrive instantly. Choose one of Solana, ETH, Polygon, or Arbitrum—withdrawals are now free.

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.