# Cash App just turned on stablecoin payments for 60 million people — accumulate Block before the full rollout finishes

_AI-generated trading idea · LONG · MA, SQ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-just-turned-on-stablecoin-payments-for-60-million-p--2b726901-8a06-4c66-a57e-8ba791d06e00

Block (the company behind Cash App) is rolling out a built-in stablecoin payment feature to its 60 million users, and Mastercard just got a New York crypto license. Both moves signal that crypto payments are going mainstream.

## Idea

Cash App has roughly 60 million active users, and Block is now rolling stablecoin payments out to all of them by the end of this week. That instantly makes millions of regular people comfortable using crypto for everyday transactions. At the same time, Mastercard just received a New York BitLicense, giving it the green light to build crypto settlement tools in the financial capital of the U.S. Together these events show crypto infrastructure is maturing fast, and fintech companies at the center of that trend stand to benefit. SQ is the most direct play here; Mastercard (MA) is a lower-volatility way to express the same thesis.

## Key details

- Symbols: MA, SQ
- Timeframes: D
- Tags: \#crypto\_payments, \#stablecoin, \#fintech, \#mainstream\_adoption

## Community

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## News sources

- [Block kicks off Cash App's phased stablecoin roll out to its nearly 60 million users](https://www.coindesk.com/business/2026/05/27/block-kicks-off-cash-app-s-phased-stablecoin-roll-out-to-its-nearly-60-million-users) — CoinDesk
- [Mastercard secures New York State Bitlicense as it continues to expand crypto services](https://www.theblock.co/post/402732/mastercard-secures-new-york-state-bitlicense-as-it-continues-to-expand-crypto-services) — The Block

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