Jack Dorsey's CashApp will add stablecoin support and Bitcoin payment functionality.

Payment platform Cash App announced it will expand its cryptocurrency services, planning to launch stablecoin support in early 2026, allowing users to send and receive cryptocurrencies pegged to the US dollar. Users will receive a dedicated blockchain address, and the system will automatically convert between US dollars and stablecoins. In addition, Cash App will add merchant Bitcoin payment functionality; users will not need to hold Bitcoin, but simply scan a merchant's QR code, and the platform will automatically convert their cash into Bitcoin to complete the payment. As a "Bitcoin-first" company, this move shows that even staunch Bitcoin supporters are beginning to pay attention to the development potential of the stablecoin sector. Recent activity in this field includes Stripe's acquisition of Bridge, Trump's signing of the Genius Act, and Mastercard's negotiations to acquire a stablecoin company.