CoinDesk
Block's Cash App has begun a phased rollout of USDC stablecoin payments to its nearly 60 million users, with 25% already active as of Wednesday and full access expected by week's end, according to a source familiar with the matter. The move puts Circle's USDC on four networks — Solana, Ethereum, Polygon, and Arbitrum — treating the blockchain purely as a payments rail rather than investment infrastructure.
The launch represents a striking ideological reversal for CEO Jack Dorsey, who spent years building Block's crypto identity around Bitcoin exclusively. In March, Dorsey acknowledged the shift reluctantly: "I don't like that we're going to support stablecoins but our customers want to use them." The feature carries strict limits — $2,000 daily sending, $5,000 weekly, and $10,000 weekly receiving — and is currently unavailable in New York and on sponsored accounts.
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