Cash App under Jack Dorsey to add stablecoin support and bitcoin payment feature

Jinse Finance reported that the payment platform Cash App announced it will expand its cryptocurrency service offerings, planning to launch stablecoin support in early 2026. This will allow users to send and receive cryptocurrencies pegged to the US dollar. Users will be provided with dedicated blockchain addresses, and the system will automatically convert between US dollars and stablecoins. In addition, Cash App will introduce a new merchant Bitcoin payment feature, enabling users to pay merchants by simply scanning a QR code, with the platform automatically converting the user's cash into Bitcoin to complete the payment—no need for users to hold Bitcoin themselves. As a "Bitcoin-first" company, this move demonstrates that even staunch Bitcoin supporters are beginning to recognize the development potential of the stablecoin sector. The sector has seen recent activity, including Stripe's acquisition of Bridge, Trump signing the Genius Act, and Mastercard's acquisition talks with stablecoin companies.