Cash App is integrating stablecoin support into its app, making payments with them faster and more convenient, while also giving users access to more flexible and reliable payment methods.
FinTech platform Cash App introduced a comprehensive update, with one of the key additions being a built-in ability to use stablecoins. The release includes 11 major updates and over 150 improvements affecting banking tools, lending, Bitcoin payments, P2P features, and app navigation.
For the first time, Cash App now allows users to send and receive stablecoins directly within the app. The company notes that stablecoins are becoming a convenient tool for instant, low-cost transfers, and serve as a “digital bridge” between the traditional financial system and open cryptocurrency protocols.
Stablecoin integration complements Cash App’s existing crypto features, which include the ability to make fast local and international transfers using Bitcoin without needing to hold the asset, via the Lightning Network, as well as Bitcoin Map, a map of businesses that accept BTC.
Besides, the new Cash App Green program allows users to access banking perks when spending from $500 or depositing from $300 per month. Over 8 million customers are eligible for benefits such as:
- free ATM withdrawals within the network;
- increased savings rates;
- overdraft;
- priority support.
The Cash App Borrow credit option is now available in 48 states, and new users can receive up to $500 without a credit check. The announcement states that 70% of the company’s active borrowers have a credit score below 580, yet the repayment rate exceeds 97%.
The company also announced Moneybot, an AI assistant that helps users navigate the app, analyze income and expenses, and provides personalized recommendations on savings and investments. Currently, the tool is available to a limited group of users.
Last month, Square tested Bitcoin payments through a standard POS terminal at a café using Cash App. Square and Cash App are both part of Jack Dorsey’s Block, which is actively working on its own Bitcoin infrastructure.
