Stablecoin Functionality Coming to Millions of Users
Cash App is preparing to launch full stablecoin send-and-receive functionality in early 2026, marking its biggest blockchain upgrade since adding Bitcoin payments. The new feature will allow millions of users to move digital dollars instantly and at low cost by using crypto rails instead of traditional banking networks like ACH.
The rollout is part of a broader update from Block, Cash App’s parent company, aimed at giving users faster, cheaper and more flexible money movement, all while keeping Bitcoin at the center of the platform’s long-term vision.
How Stablecoin Transfers Will Work
The feature is designed to be seamless, even for users with no prior crypto experience. When someone receives stablecoins, Cash App will automatically convert them into U.S. dollars, showing the balance just like any other incoming payment. When sending money out to a blockchain address, dollars inside Cash App will be converted back into stablecoins at the moment of transfer.
Cash App will issue each user a unique blockchain address, enabling direct on-chain transfers without relying on external wallets.
Powered by USDC and Solana – With More to Come
For the initial launch, Cash App plans to support USDC on the Solana network, giving users access to near-instant settlement and extremely low transfer fees. Executives noted that support for additional stablecoins and blockchains may follow as the system expands.
Part of Block’s Larger Crypto Push
The stablecoin integration is only one piece of Block’s new product wave, which also includes enhanced Bitcoin payment tools for both retail users and merchants. Still, the company emphasized that Cash App remains “Bitcoin-first by design.” Stablecoins are being added as a complementary option, a practical tool for moving money, not a shift in long-term philosophy.
By merging stablecoin speed with Cash App’s massive user base, Block is positioning the app as one of the most accessible bridges between everyday digital payments and the broader crypto ecosystem.