Block Rolls Out Cash App Stablecoin to 60 Million Users
Block launched a phased stablecoin rollout for Cash App on May 27, activating the feature for 25% of the app’s nearly 60 million users. A person familiar with the matter told CoinDesk the company expects to reach all eligible users before the end of the week.
The move marks one of the largest single deployments of stablecoin access to retail consumers in cryptocurrency history.
What the Rollout Covers
According to the CoinDesk report, the stablecoin feature is being pushed out in stages rather than as a simultaneous release. The phased approach allows Block’s engineering teams to monitor transaction loads and address technical issues before full deployment.
The source did not specify which stablecoin is being made available through the app, nor did the report detail transaction limits or supported use cases at launch.
Block, the financial technology company founded by Jack Dorsey that operates Cash App alongside its payments hardware and Bitcoin (BTC) services business, has positioned stablecoins as a core part of its long-term payments strategy. Cash App already supports Bitcoin (BTC) buying, selling, and transfers.
Adding stablecoin functionality extends that infrastructure toward dollar-denominated digital payments without the price volatility of Bitcoin.
A stablecoin is a cryptocurrency designed to maintain a fixed value against a reference asset, in most cases the U.S. dollar. Unlike Bitcoin or Ethereum (ETH), stablecoins do not fluctuate in price, making them more practical for everyday payments and remittances.
Background
Block has been building toward deeper cryptocurrency integration within Cash App for several years.
The company first enabled Bitcoin purchases inside Cash App in 2018 and introduced direct Bitcoin withdrawals in 2019. By 2023, Block was generating the majority of its Cash App revenue from Bitcoin-related transactions, making it one of the most crypto-exposed consumer fintech platforms in the United States.
Dorsey has publicly described Bitcoin as the internet’s native currency and has made it central to Block’s product roadmap, though the stablecoin push suggests the company is broadening that strategy to include dollar-pegged instruments as well.
The timing of the rollout coincides with advancing stablecoin legislation in Washington. The GENIUS Act, a Senate bill that would establish a federal licensing framework for stablecoin issuers, passed committee in early 2026 and drew bipartisan support.
A more permissive regulatory environment is widely expected to accelerate stablecoin adoption among banks, fintechs, and consumer apps.
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What Comes Next
A full rollout to all nearly 60 million Cash App users, if completed this week, would represent a substantial expansion of the stablecoin user base at a single stroke. For context, total global stablecoin users across all platforms numbered in the tens of millions as of early 2026.
Block has not issued a formal press release or made any public statement about the feature as of May 27. The company’s silence on the rollout suggests it is treating this as a routine product update rather than a major announcement, though the scale makes it anything but routine.
Observers will watch whether Block discloses the specific stablecoin issuer, whether it integrates with existing payment rails, and how quickly user adoption of the feature materializes.
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