We just shipped stablecoins on @CashApp.
Everything runs from your existing USD balance - no separate wallet, no managing multiple chains, no extra setup, and importantly no fees.
Send and receive USDC on SOL, ETH, POL, and ARB.
The most seamless integration in the world imo.
Making Bitcoin Everyday Money remains my top goal at @CashApp, @Square, @Bitkey, and @blocks.
We remain singularly focused on bitcoin becoming the native currency of the internet.
@CashApp @Square @Bitkey @blocks Stablecoins, meanwhile, are upgraded fiat - what Cash App 1.0 is already built on.
And for this feature, we’ve hidden away all the ‘crypto’ as far away as possible within the app - so that the experience feels as sleek and seamless as you’ve come to expect with Cash App.
@CashApp @Square @Bitkey @blocks We like to think about bitcoin as Money 2.0
Fiat is 1.0
And Stablecoins are a bridge between the two. They offer clear improvements and customer benefits from the legacy rails.
However, they don’t replace or compete with bitcoin.
@CashApp @Square @Bitkey @blocks Stablecoins upgrade the financial infrastructure that Cash App is already built on. They get people comfortable moving money on internet-native rails.
And once people are on open rails, bitcoin is a step away.
It’s a win-win for customers & for bitcoin.
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