Block is expanding stablecoin access on Cash App, rolling out USDC payments to approximately 15 million users starting May 27, 2026, with full availability planned by week’s end.
The phased launch reaches 25% of Cash App’s nearly 60 million user base initially. Jack Dorsey, CEO of Block, has signaled support for the expansion despite his historical skepticism of stablecoins outside Bitcoin.
In March 2026, Dorsey explained his shift in stance: “I don’t like that we’re going to support stablecoins but our customers want to use them. I don’t think it’s wise to go from one gatekeeper to another.” The comment acknowledged both ideological reservations and market demand driving the decision.
The integration supports USDC across four blockchain networks: Solana, Ethereum, Polygon, and Arbitrum. Users can deposit USDC from external accounts to fund their Cash App fiat balance or withdraw funds as stablecoins to external addresses.
Transaction limits and access requirements
The feature imposes sending limits of $2,000 daily and $5,000 weekly. Weekly receiving limits are capped at $10,000. Identity verification is mandatory for access.
The feature remains unavailable in New York and for sponsored accounts. Blockchain transactions through the feature are irreversible; funds sent to incorrect addresses or unsupported networks cannot be recovered.
Block treats the stablecoin feature strictly as a payment method rather than investment infrastructure, distinguishing it from crypto trading or holding products.
Market context
The rollout occurs as the stablecoin market has reached $322 billion in total value as of this week, surpassing the foreign exchange reserves of 95 countries. Circle, the issuer of USDC, has positioned stablecoins as critical payment rails in digital finance.
Cash App first announced stablecoin integration on its website in late 2025. The current rollout marks the first public availability of the feature to users.
Block did not immediately respond to requests for comment on the rollout timeline and user notification strategy.
