Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
Key takeaways
- According to this individual, the feature is now active for 25% of Cash App’s nearly 60 million users, with plans to scale to 100% by the end of the week.
- Block did not immediately respond to a CoinDesk request for comment.
- The launch marks an unprecedented ideological shift for Block’s leadership and changes how the platform handles digital fiat currency.
An individual familiar with the matter told Coin Desk the stablecoin feature was rolled out to 25% of users already and by the end of the week, all users will have access.By Olivier Acuna|Edited by Nikhilesh De May 27, 2026, 2:26 p.m. 2 min read Make preferred on Jack Dorsey (Joe Raedle/Getty Images)What to know: Block’s Cash App has begun rolling out USDC stablecoin payments to about a quarter of its nearly 60 million users, with plans to reach all users by the end of the week.The move marks a major shift for CEO Jack Dorsey, a longtime bitcoin-only advocate, who now acknowledges customer demand for stablecoins despite his ideological reservations.Cash App will support USDC on Solana, Ethereum, Polygon and Arbitrum as a payments rail with strict transaction limits, while warning that blockchain transfers are irreversible and the feature is unavailable in New York and for sponsored accounts.Block’s Cash App has quietly begun rolling out its highly anticipated stablecoin payment feature, a source familiar with the matter told CoinDesk Wednesday. According to this individual, the feature is now active for 25% of Cash App’s nearly 60 million users, with plans to scale to 100% by the end of the week.
Block did not immediately respond to a CoinDesk request for comment.
The launch marks an unprecedented ideological shift for Block’s leadership and changes how the platform handles digital fiat currency.