Cash App to add stablecoin transfers, enable Bitcoin checkout

Miles Suter, who leads Bitcoin products at Block, indicated the rollout will start early next year and that Cash App has not yet chosen which stablecoins or blockchains to support. “Our principles are to be chain and coin-agnostic right now, and to go where customers lead,” he explained. “We’re not going to support 100 coins and 100 chains.” A company representative confirmed the timing.

In merchant checkout, users will not need to hold Bitcoin. After scanning a QR code from a business that accepts Bitcoin, Cash App will convert a customer’s cash balance to BTC and send the payment on the user’s behalf.

Block, owner of the checkout service Square, presents itself as Bitcoin-first, and cofounder Jack Dorsey is known as a Bitcoin supporter. Suter remains focused on Bitcoin while monitoring the broader market. “I think Bitcoin is so unique, but I want to make sure I’m aware of everything that’s going on in the space,” he noted. “If I were founding Cash App today, I would build it on stablecoin rails natively.”

Block did not provide a launch date beyond early next year or identify which protocols it will use for stablecoin transfers. The company aims to follow customer demand while limiting the initial set of supported assets and networks.

Stablecoins have drawn increased attention from payments and technology firms in 2025. Stripe agreed to acquire Bridge for $1.1 billion in February. In July, President Donald Trump signed the Genius Act, establishing a regulatory framework for stablecoin issuers. In October, Mastercard began acquisition talks with BVNK and Zerohash.

As we covered previously, stablecoin supply on Ethereum hit a record $172.2 billion on Sept. 6, 2025, about two-thirds of the global $255 billion stablecoin market after increased minting by Tether and Circle. Centralized exchanges held roughly $68 billion in stablecoins.