- Block‘s Cash App will support payments in USD Coin (USDC) on the Solana blockchain beginning in early 2026.
- Each user will receive a blockchain address, allowing USDC deposits that are automatically converted into U.S. dollars and vice versa.
- The integration aims to streamline cross-border payments and settlement while preserving Cash App’s user-friendly experience.
- Users will soon be able to pay merchants in Bitcoin using USD balances, with automatic currency conversion.
- Block confirmed a commitment to blockchain and token neutrality for its platforms.
Block announced on Thursday that its Cash App platform will enable USD Coin (USDC) payments using the Solana blockchain starting in early 2026. The new feature will assign each Cash App account a blockchain address, making it possible for users to send and receive USDC directly. When users receive USDC through the blockchain, the payment will be automatically exchanged for U.S. dollars within the app. Conversely, U.S. dollar balances sent to the blockchain will be converted into USDC.
According to Block, the move is designed to simplify cross-border transactions and boost settlement efficiency for its user base, while maintaining the app’s familiar interface. This update could potentially bring more of Cash App’s estimated 57 million monthly users onto the Solana blockchain, expanding the token’s use beyond its current reputation for meme coins and trading.
Following the announcement, the price of Solana dipped by 1.4% in the last 24 hours. Despite increased discussion about the altcoin, retail sentiment on public investor forums has stayed in bearish territory, according to recent activity data.
Additionally, Cash App revealed plans to let customers pay merchants in Bitcoin without holding any Bitcoin themselves. Users will be able to scan a merchant’s supported QR code and pay with their USD balance, while the app handles an automatic currency conversion. This means, as stated by executive officer and head of business at Block, Owen B Jennings, in a social media post, that the entire monthly user base of 58 million can now access Bitcoin payments more easily.
Block also reiterated its approach to maintaining blockchain and token neutrality, ensuring its features are available across various networks and currencies. Earlier in the week, its subsidiary Square launched a Bitcoin payment feature for merchants, enabling settlements either in Bitcoin or U.S. dollars.
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