Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
CoinDesk
Block has begun rolling out stablecoin support to Cash App users, marking a strategic shift for CEO Jack Dorsey toward alternative blockchain networks.Summary
Block is rolling out a new stablecoin feature for its Cash App, currently active for 25% of its nearly 60 million users with a full rollout expected by the end of the week. The feature enables users to deposit and withdraw Circle’s USDC across the Solana, Ethereum, Polygon, and Arbitrum networks. This development signals a significant ideological pivot for CEO Jack Dorsey, a long-time Bitcoin maximalist who has reluctantly embraced stablecoins to meet customer demand, positioning them strictly as a payment rail rather than an investment asset.
(Source：CoinDesk)