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Block's Cash App to Fully Launch Stablecoin Payment Feature

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Ethereum news broke today as Block’s Cash App prepares to fully launch its stablecoin payment feature. The tool, currently live for 25% of users, will expand to all 60 million within the week. Users can deposit, withdraw, and send USDC across Solana, Ethereum, Polygon, and Arbitrum. The feature supports peer-to-peer payments, not investments. CEO Jack Dorsey cited user demand as the primary driver, even as he remains bullish on Bitcoin. The Ethereum ecosystem news underscores the platform’s growing role in mainstream crypto payments.

Odaily Planet Daily reports that Cash App, a subsidiary of Block, is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature is currently available to approximately 25% of users and is scheduled to be fully rolled out to 100% of users this week.

The core features launching this time enable users to deposit and withdraw using USDC, allowing seamless fund transfers between external wallets and Cash App balances, and use stablecoins as a payment and settlement tool rather than an investment product. Currently supported across four blockchain networks: Solana, Ethereum, Polygon, and Arbitrum. Since on-chain transactions are irreversible, transfers to incorrect addresses or unsupported networks will result in permanent loss of funds.

Block CEO Jack Dorsey previously stated that, despite his long-standing preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)

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