Cash App just turned on stablecoin payments for 60 million people — accumulate Block before the full rollout
Block (the company behind Cash App) is rolling out a dollar-pegged crypto payment feature to its nearly 60 million users — 25% already have it, and everyone else gets access by the end of the week. At the same time, Mastercard just received a New York crypto license, signaling that mainstream payment giants are going all-in on digital currencies.
Idea
Cash App's stablecoin feature is landing in the hands of 60 million everyday users — not just crypto traders. That's a big deal because it turns a niche technology into a mainstream way to send and spend money, potentially unlocking a whole new revenue stream for Block. The phased rollout (25% now, full by week's end) means user adoption data could start moving the stock quickly. Mastercard getting its New York crypto license the same day reinforces that regulators and financial giants are embracing this shift, which removes a major overhang for the whole payments sector.