Cash App, the popular digital wallet owned by Block, is expanding its capabilities to include both stablecoin transactions and bitcoin merchant payments.
According to Miles Suter, Bitcoin product lead at Block, users will soon be able to send and receive stablecoins through Cash App, with the rollout expected early next year.
Stablecoin integration details
While Suter did not specify which stablecoins or blockchains will be supported, he stated Block’s approach is “chain and coin-agnostic” and focused on customer demand.
Each user will have a blockchain address tied to their account.
Stablecoins sent to the address will be automatically converted to U.S. dollars within Cash App, and outgoing dollar transfers to blockchain addresses will be converted into stablecoins.
Suter commented on the product vision:
“If I were founding Cash App today, I would build it on stablecoin rails natively.”
Bitcoin payments for merchants
Block reaffirmed its commitment to bitcoin, allowing Cash App users to pay merchants in bitcoin even if they don’t hold the asset.
When a customer scans a QR code from a merchant who accepts bitcoin, Cash App will instantly convert the user’s cash to bitcoin and complete the payment.
Industry context and regulatory moves
The announcement comes amid growing stablecoin adoption and regulatory clarity.
Stripe recently acquired a stablecoin startup for $1.1 billion, and legislation signed by President Trump in July established a regulatory framework for stablecoins.
Payments giant Mastercard has also entered acquisition talks with stablecoin firms.
Block’s bitcoin-first strategy
Despite the move towards stablecoins, Block—whose cofounder Jack Dorsey is known for his bitcoin advocacy—continues to prioritize bitcoin.
The expansion of Cash App’s features underscores Block’s willingness to adapt to broader market trends while maintaining its core focus on bitcoin.
