Cash App rolled out USDC payments to 25% of users, expanding stablecoin access across four blockchains.
Block's Cash App began a phased rollout of stablecoin payments on May 27, making Circle's USD Coin (USDC) available to 25% of its nearly 60 million users, according to a source familiar with the matter who spoke to CoinDesk. A Block spokesperson confirmed the deployment. Full availability across the platform is expected by the end of the week.
The feature is built as a payment rail, not an investment tool. Users can deposit USDC from external wallets to fund their fiat Cash App balance. They can also withdraw funds as USDC to external accounts. Four blockchain networks are supported: Solana (SOL), Ethereum (ETH), Polygon, and Arbitrum.
Block CEO Jack Dorsey has historically aligned the company's crypto strategy around Bitcoin (BTC) only. He acknowledged the shift in March 2026. "I don't like that we're going to support stablecoins but our customers want to use them," Dorsey said. "I don't think it's wise to go from one gatekeeper to another."
Cash App disclosed the stablecoin integration on its website late last year as a 2026 product. The rollout arrives as the total stablecoin market reaches a record $322 billion. That figure surpasses the foreign exchange reserves of 95 countries, including the United Kingdom and Canada.
Limits and Restrictions Apply
Identity-verified users face strict transaction caps. Daily sends are limited to $2,000, weekly sends to $5,000, and weekly receives to $10,000. Blockchain transfers are irreversible. Any funds sent to a wrong address or an unsupported network will not be recoverable.
The feature is currently unavailable in New York and on sponsored accounts. Cash App has made clear that standard consumer protections tied to traditional bank transfers do not apply to these on-chain transactions.
For years, Block built its crypto identity around BTC, including mining hardware development and deep integration of the asset across Cash App and Square. The USDC rollout is the first time the company has built payments infrastructure around a non-BTC asset. Block's addition of stablecoin support brings one of the most widely used US consumer payment apps into the stablecoin ecosystem at significant scale.
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