# Cash App turning on stablecoin payments for 60 million users — long Block (SQ) on the biggest crypto adoption wave yet

_AI-generated trading idea · LONG · MA, SQ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-turning-on-stablecoin-payments-for-60-million-users--70adec03-4b65-4e47-8749-cb82b4599bbb

Block (the company behind Cash App) is rolling out a stablecoin payment feature to all 60 million Cash App users this week. At the same time, Mastercard just got a New York crypto license, showing big financial companies are going all-in on crypto payments.

## Idea

Cash App has 60 million users, and Block is flipping on a stablecoin feature for all of them by the end of this week. That instantly makes it one of the largest stablecoin platforms in the world, which should boost transaction volume and revenue. The broader backdrop is also positive — Mastercard just received a New York crypto license, and Congress is moving forward on crypto regulation with the Clarity Act. Together, these signal that crypto payments are going mainstream with institutional backing, and Block is positioned right at the center.

## Key details

- Symbols: MA, SQ
- Timeframes: 1D
- Tags: \#crypto, \#fintech, \#payments, \#product\_launch

## Community

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## News sources

- [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
- [Block Starts Phased Rollout Of Stablecoin Payment Feature](https://finance.yahoo.com/markets/crypto/articles/block-starts-phased-rollout-stablecoin-170900749.html) — Yahoo Finance
- [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

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