Cash App Adds Stablecoin Transfers and BTC Payments in 2026
Block’s Cash App will roll out in early 2026 in-app stablecoin transfers, enabling users to send and receive stablecoin such as USDC and USDT via personalized blockchain addresses. These stablecoin transfers auto-convert incoming deposits to USD and convert USD withdrawals back to stablecoin. The app also introduces fast Bitcoin payments and fiat-to-BTC conversion for merchants: users can pay merchants in BTC via QR code even without holding BTC, with automatic conversions. Block remains chain- and token-agnostic. Industry leaders, including Circle CEO Jeremy Allaire and Block’s Bitcoin lead Miles Suter, project high demand and note stablecoins complement Bitcoin by enabling quick digital dollar transfers. These updates boost Cash App’s crypto utility, increasing on-chain activity and liquidity.
Bullish
By integrating in-app stablecoin transfers and streamlined BTC payment options, Cash App lowers barriers for both stablecoin and Bitcoin adoption. Short-term, this could increase transaction volumes and on-chain liquidity, prompting traders to accumulate BTC and stablecoins ahead of broader rollout. Long-term, enhanced usability and chain-agnostic features may foster sustained demand, supporting bullish momentum for Bitcoin and major stablecoins.