Cash App bringing stablecoins to 60 million users and Mastercard gets crypto license — buy the payments-to-crypto wave
Block (the company behind Cash App) is rolling out stablecoin payments to all 60 million of its users this week. On the same day, Mastercard landed a New York crypto license, making it easier for the payments giant to offer blockchain-based services.
Idea
Block's Cash App is pushing stablecoin payments to its entire 60 million user base by the end of this week — a massive mainstream rollout of crypto-based payments that could meaningfully boost transaction volume and revenue. At the same time, Mastercard just secured a New York BitLicense, one of the hardest crypto regulatory approvals to get, which clears the path for deeper blockchain-based settlement services. When two of the biggest names in payments both make major crypto moves on the same day, it signals real institutional conviction. Stablecoin adoption at this scale is a direct revenue catalyst for Block, and Mastercard's regulatory green light validates the broader infrastructure play.