Block’s Cash App has quietly begun rolling out its long-awaited stablecoin payments feature, people familiar with the matter told CoinDesk on Wednesday. The feature is currently active in 25% of Cash App’s roughly 60 million users and is expected to expand to 100% by the end of this week, the person said.
A Block spokesperson confirmed the development in response to a request for comment.
The launch marks an unprecedented ideological shift for the bloc’s leadership and changes how the platform handles digital fiat currencies.
The integration of alternative blockchain rails shows that Block CEO Jack Dorsey, historically a staunch Bitcoin maximalist, has changed his mind and now sees tangible value in these non-BTC networks, according to people familiar with the matter.
As of this week, the total market value of stablecoins reached a record high of $322 billion, surpassing the foreign exchange reserves of 95 countries, including developed countries such as the United Kingdom and Canada.
The integration of stablecoin payment methods was first announced on Cash App’s website late last year, and the company said it would be available in 2026.
Dorsey explained that he changed his stance in March. A Bitcoin purist has announced that his company will reluctantly make concessions to stablecoins. “We don’t like that our customers want to use stablecoins when we’re going to support them,” he said. “I don’t think it’s wise to keep one gatekeeper from another to another.”
For years, Dorsey built Block’s cryptographic strategy solely around Bitcoin, helped develop mining hardware, and integrated the asset into products such as Cash App.
According to a statement on Cash App’s website, the newly released integration treats stablecoins strictly as payment methods rather than investment infrastructure.
Users can deposit Circle $USDC Capture stablecoins from external accounts to fund your fiat Cash App balance or withdraw funds as stablecoins to external accounts, leveraging blockchain as a fully modern transaction rail.
According to the official product documentation, this feature supports $USDC Across four networks including Solana, Ethereum, Polygon, and Arbitrum. These blockchain transactions are completely irreversible, so funds sent to the wrong address or unsupported network will be lost forever.
To use this feature, which is currently not available in New York and sponsored accounts, verified users face strict limits with a sending limit of $2,000 per day ($5,000 per week) and a receiving limit of $10,000 per week.
Updated (15:15 UTC): Add confirmation from block. $USDC The rollout of stablecoin payments is ongoing.
