# Cash App just turned on stablecoins for 60 million users — jump on Block before the revenue kicks in

_AI-generated trading idea · LONG · SQ, XYZ_

> Canonical page: https://commonquant.ai/research/for-you/cash-app-just-turned-on-stablecoins-for-60-million-users-jum--b1b1ea77-ce26-41f1-a11d-7228771fc609

Block (the company behind Cash App and Square) just started rolling out its own stablecoin — a type of digital dollar — to its 60 million Cash App users. The feature is already live for a quarter of users and should reach everyone by the end of the week.

## Idea

Giving 60 million people easy access to a stablecoin inside an app they already use is a big deal — it turns Cash App from a payments tool into a full crypto gateway. This could unlock new revenue streams from transaction fees, interest on stablecoin balances, and crypto trading activity. The phased rollout is happening fast, which means user adoption data could start showing up in the next earnings report. When major fintech companies launch high-profile crypto features, their stock tends to get a multi-day boost as investors re-rate the growth story. Block's stock, which rebranded its ticker to XYZ, has been under the radar recently and could be playing catch-up.

## Key details

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

## 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

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