Cash App stablecoins plan and Bitcoin merchant feature mark broader push

Block’s Cash App will move beyond Bitcoin with stablecoins, enabling send-and-receive functionality early next year, according to product lead Miles Suter.

Why is Cash App adding stablecoins?

Block’s posture remains Bitcoin-first, but the company is responding to market demand. Moreover, Suter framed the move as complementary infrastructure, not a replacement for Bitcoin-based features under Block’s umbrella.

What do cash app stablecoins mean for users?

Each account will receive a blockchain address tied to the user. Any stablecoins sent to that address will be converted into dollars inside Cash App. That said, dollars sent out to a blockchain address will convert back into stablecoins.

“If I were founding Cash App today, I would build it on stablecoin rails natively,” Suter said. In addition, he emphasized that access will roll out early next year as part of broader Cash App crypto support.

How does this fit Block’s Bitcoin strategy?

Block calls itself a Bitcoin-first company, and cofounder Jack Dorsey is one of the asset’s most vocal champions. However, stablecoin access reflects growing utility across payments. Over the past year, the sector has surged in Silicon Valley outside of AI, drawing large checks and strategic deals.

In February, Stripe closed a $1.1 billion deal to acquire stablecoin startup Bridge, as noted in the Stripe newsroom announcement. In July, President Donald Trump signed the Genius Act, creating a framework for stablecoin issuers. In October, Mastercard entered talks to acquire BVNK and Zerohash, according to Reuters coverage.

When will merchant Bitcoin payments arrive in Cash App?

Block said Thursday that Cash App users will be able to pay merchants in Bitcoin even if they don’t hold it in-app. After a customer scans a QR code from a merchant that accepts Bitcoin, Cash App will convert the customer’s cash into cryptocurrency and send it to the merchant.

Moreover, this stablecoin conversion feature and merchant Bitcoin payments aim to streamline real-world spending. The company, which also owns Square, is extending rails that keep crypto abstracted while preserving settlement benefits.

In summary, cash app stablecoins bring on-chain access with fiat simplicity while aligning with market momentum. The phased rollout, paired with merchant Bitcoin payments, suggests a pragmatic expansion that preserves Bitcoin’s primacy yet broadens Cash App’s utility.