[Cash App under Block to Roll Out Stablecoin Payment Functionality in Phases] Odaily Planet Daily News: Cash App, a subsidiary of Block, is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to informed sources, the feature currently covers approximately 25% of users and is expected to achieve 100% full rollout within this week. The core functionality introduced allows users to deposit and withdraw using USDC, enabling free transfer of funds between external wallets and Cash App balances, and utilizing stablecoins as a payment settlement tool rather than an investment product. It currently supports four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, funds sent to incorrect addresses or unsupported networks will result in permanent loss. Block CEO Jack Dorsey previously stated that although he has a long-standing preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)