# Cash App just turned on stablecoin payments for 60 million users — long Block on the rollout

_AI-generated trading idea · LONG · SQ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-just-turned-on-stablecoin-payments-for-60-million-u--94d8d997-42be-46d7-b11d-d103c7b8edbe

Block (the company behind Cash App and Square) is rolling out a built-in stablecoin payment feature to all 60 million Cash App users by the end of this week. This brings crypto-based payments mainstream within one of America's most popular finance apps.

## Idea

Block is turning on stablecoin payments for 60 million Cash App users — that's mainstream crypto adoption at a scale we haven't seen from a major U.S. consumer finance app. The feature is already live for a quarter of users and will reach everyone by week's end. This could unlock real transaction volume and revenue for Block, since stablecoin payments are cheaper and faster than traditional rails. The market tends to re-rate fintech stocks when they expand their monetizable user features like this. If adoption ramps quickly, it strengthens the bull case for SQ heading into the next earnings report.

## Key details

- Symbols: SQ
- Timeframes: daily
- Tags: \#crypto, \#payments, \#fintech

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

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