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. What to know : Block’s Cash App has begun rolling out USDC stablecoin payments to about a quarter of its nearly 60 million users, with plans to reach all users by the end of the week. The move marks a major shift for CEO Jack Dorsey, a longtime bitcoin-only advocate, who now acknowledges customer demand for stablecoins despite his ideological reservations. Cash App will support USDC on Solana, Ethereum, Polygon and Arbitrum as a payments rail with strict transaction limits, while warning that blockchain transfers are irreversible and the feature is unavailable in New York and for sponsored accounts.