# Cash App launches stablecoin payments to 60 million users — accumulate Block and Mastercard

_AI-generated trading idea · LONG · BTC, MA, SQ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-launches-stablecoin-payments-to-60-million-users-ac--a4c31371-53b9-4da0-b676-33a45d64c7af

Block (the company behind Cash App) just started rolling out stablecoin payments to its nearly 60 million users. On the same day, Mastercard received a New York crypto license, and Bitcoin held steady despite a massive $1.3 billion sale from a BlackRock ETF — a sign the market can absorb big sells without panicking.

## Idea

Cash App putting stablecoin payments in front of 60 million everyday users is a genuine mainstream crypto moment — not just crypto traders trading crypto, but regular people using it to send and spend money. That could open a huge new revenue stream for Block. Mastercard getting New York's BitLicense on the exact same day is not a coincidence — it signals that regulators are becoming friendlier toward crypto, which removes one of the biggest clouds hanging over the sector. Meanwhile, Bitcoin barely flinched when someone dumped $1.3 billion worth through a BlackRock ETF, which tells you demand is deep enough to absorb massive selling. When adoption accelerates, selling gets absorbed, and regulations ease all at once, it tends to be very good for the companies building the infrastructure.

## Key details

- Symbols: BTC, MA, SQ
- Timeframes: daily, H4
- Tags: \#crypto\_adoption, \#stablecoins, \#fintech, \#payments

## 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 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
- [Bitcoin price shrugs off $1.3B BlackRock ETF block sale](https://cointelegraph.com/news/bitcoin-price-shrugs-13b-blackrock-etf-block-sale) — Cointelegraph

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