Block's Cash App rolls out stablecoin payments to users

Block's Cash App has initiated a phased rollout of stablecoin payments, beginning with 25% of its nearly 60 million users and aiming for full accessibility by the end of the week. This move signifies a notable shift for CEO Jack Dorsey, a former Bitcoin maximalist, who acknowledges customer demand for stablecoins despite personal reservations. The feature will support USDC across Ethereum, Solana, Polygon, and Arbitrum as a payment rail, with transaction limits and warnings about irreversibility. This integration treats stablecoins strictly as a payment method, not an investment vehicle, and is currently unavailable in New York.