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Thursday Nov 13 2025 21:50
2 min
Block, led by Jack Dorsey, has announced ambitious plans to integrate stablecoins into its popular mobile payment platform, Cash App. This strategic move aims to empower millions of users to send and receive stablecoins easily and at a low cost, enhancing the efficiency of digital payments.
Block revealed a range of new features for Cash App users interested in cryptocurrencies and blockchain. These features include:
According to a report by Fortune, these new features are expected to be implemented in early 2026, allowing Cash App users to leverage the flexibility and speed of digital currencies.
Block stated in an official announcement that "millions of Cash App customers will soon be able to make fast, low-cost payments even if they don’t hold Bitcoin." Although the app did not specify which stablecoins would be supported, the largest ones by market capitalization include Tether's USDT and Circle's USDC.
Jeremy Allaire, CEO of Circle, praised the move, expressing his expectation that USDC would be widely used for payments through Cash App. This reflects the growing confidence in the role of stablecoins in facilitating everyday digital transactions.
The announcement of stablecoin support follows a series of announcements by Block executives earlier this week, which included the launch of new Bitcoin features on the Square platform. Jack Dorsey explained that merchants using the Square app can now receive Bitcoin-to-Bitcoin, Bitcoin-to-fiat, fiat-to-Bitcoin, or even fiat-only payments. According to the company, over four million sellers use Square for payments.
Miles Suter, Block's Bitcoin product lead, stated that "Bitcoin serves as the foundation for an open and borderless financial system, while stablecoins serve as a stepping stone to quickly move digital dollars." This statement reflects Block's vision of the importance of both Bitcoin and stablecoins in shaping the future of digital payments.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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