# Cash App brings stablecoin payments to 60 million users — long Block and Mastercard on the crypto adoption wave

_AI-generated trading idea · LONG · MA, SQ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-brings-stablecoin-payments-to-60-million-users-long--9d77b909-0244-4830-88a0-4e9d551c2e45

Block (the company behind Cash App) is rolling out stablecoin payments to its nearly 60 million users, and Mastercard just got a New York crypto license. Together these moves signal that crypto payments are going mainstream in a real way.

## Idea

Cash App is bringing stablecoin payments to 60 million everyday users — that's one of the largest mainstream crypto on-ramps we've seen. By the end of this week, all Cash App users will have access, which could dramatically increase engagement and transaction volume. At the same time, Mastercard landing a New York BitLicense confirms that the biggest payments companies in the world are going all-in on crypto infrastructure. Block stands to benefit directly from increased usage of Cash App, and Mastercard benefits as crypto payments infrastructure matures. This is a mainstream adoption story that could drive both stocks higher over the coming weeks.

## Key details

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

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## News sources

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