Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Jack Dorsey’s Block has announced that users will soon be able to send and receive stablecoins through its mobile platform Cash App.
In a notice on Thursday, Cash App announced plans to release several features for crypto and blockchain users, including the ability to spend Bitcoin (BTC), convert fiat to BTC payments and send and receive stablecoins. luck reported which functions could be implemented on the app in early 2026.
“Soon, millions of App Cash customers will be able to make fast, low-cost payments even if they don’t own Bitcoin,” the notice said.
Although the app did not specify which stablecoins could be available for transactions, the largest by market capitalization include Tether’s USDt (USDT) and Circle’s USDC (USDC). Jeremy Allaire, CEO of Circle praised the move, suggesting that he expects to see the company’s stablecoin used for payments in the Cash App.
Related: BNY launches money market fund to hold reserves for US stablecoin issuers
Summary of Bitcoin Features
Thursday’s announcement about stablecoins followed announcements by Block-related executives earlier this week, which included the rollout of Bitcoin features in Square.
Dorsey, the co-founder of Block, said merchants using the Square app can receive Bitcoin to Bitcoin, Bitcoin to fiat, fiat to Bitcoin or fiat to fiat payments. According to the company, more than four million sellers use Square for payments.
“Bitcoin serves as the foundation for an open and borderless financial system, while stablecoins serve as a stepping stone to rapidly transform digital dollars,” said Miles Suter, Block’s Bitcoin product manager, in the Cash App rollout.
Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more
