Cash App, a popular payments platform, released a number of product upgrades on Thursday, including a functionality for bitcoin and stablecoin payments.
The Cash App is moving beyond Bitcoin. Miles Suter, Bitcoin product lead at Fintech Block, which owns Cash App, told Fortune that the payments and banking platform would soon allow users to send and receive stablecoins.
Stablecoin payments
“Cash App has rolled out 11 product updates and made more than 150 improvements to meet the way that millions of people earn, manage, and share money today,” the company said in a statement.
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“The brand’s first-ever bundled release includes more flexible banking benefits, AI-powered navigation, the ability to send and receive stablecoins, and more – all underpinned by robust safety features.”
Suter did not specify which blockchains or stablecoins Cash App plans to support. He stated, “Our principles are to go where customers lead and to be chain-and coin-agnostic right now.” “100 coins and 100 chains won’t be supported.”
Among other things, Cash App intends to include the blockchain Solana and USDC, the second-largest stablecoin, into its platform.
Every user will receive a blockchain address linked to their account, according to Suter. Dollars sent from the platform to a blockchain address will be turned back into stablecoins, and any stablecoins supplied to that address will be converted into dollars within Cash App.
Details on Cash App
Jack Dorsey co-founded Block Inc., the firm that developed Cash App. Dorsey oversaw the development of the payments app. Dorsey, a longtime supporter of bitcoin, is well-known for having co-founded Twitter, which Elon Musk eventually purchased.
The payment platform’s addition of stablecoin support coincides with an all-time high in the usage of USD-pegged tokens. Aside from big U.S. financial institutions showing interest or beginning their own projects, Cash App’s competitor Zelle may start adopting stablecoins.
“The way people earn and manage money has fundamentally shifted, and traditional financial institutions haven’t kept up to meet their needs,” said Owen Jennings, who is an executive officer and business lead at Block.
Jack Dorsey and Bitcoin
In September 2025, as protests about water and energy shortages grew in Madagascar, so did interest in Jack Dorsey’s decentralised messaging application Bitchat.
Bitchat is a peer-to-peer encrypted messenger that works without the Internet or central servers, making it an effective tool for demonstrations. Callebtc, a Bitcoin developer working with Bitchat, saw the sudden surge as war problems increased.
He has been an advocate for Bitcoin for a long time. Jack Dorsey has warned that if Bitcoin is only used as a store of value, it may fail. While there has been a lot of interest in Bitcoin’s store-of-value use case, Dorsey emphasised that widespread adoption of Bitcoin for everyday payments is required for it to realise its full potential.
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