Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
An individual familiar with the matter told CoinDesk the stablecoin feature was rolled out to 25% of users already and by the end of the week, all users will have access.
AI Summary
Block's Cash App is rolling out USDC stablecoin payments to its nearly 60 million users in phases, starting with 25% of users and expanding to all users by the end of the week. The stablecoin will be available on multiple blockchain networks including Solana, Ethereum, Polygon, and Arbitrum, though with transaction limits and unavailable in New York. The rollout represents a significant shift for CEO Jack Dorsey, who has historically been a bitcoin maximalist but is now acknowledging customer demand for stablecoins despite his previous ideological opposition.