Jack Dorsey’s Cash App to Introduce Stablecoin Payments on Solana

Cash App to integrate USDC payments on Solana, enhancing fintech infrastructure.

Cash App, founded by Bitcoin maximalist Jack Dorsey, will integrate USDC payments within the Solana ecosystem.

BREAKING: @CashApp, with 57 million monthly users, to enable USDC payments in early 2026.

And it’s powered by Solana 🔥

pic.twitter.com/JtjT1NyjOe

— Solana (@solana) November 13, 2025

In a conversation with Decrypt, a representative from Block’s division stated that the new functionality is expected to launch next year.

“For the first time, Cash App will provide access to stablecoins, allowing users to send and receive digital dollars almost anywhere in seconds,” the statement reads.

The video attached to the tweet shows Circle’s CEO and co-founder Jeremy Allaire making a USDC payment on Solana.

Dubbed the “people’s cryptocurrency,” Solana ranks sixth by market capitalization on CoinGecko. Its ecosystem is rich with popular DEXs, NFTs, and meme tokens. The total TVL of the platform exceeds $9 billion, second only to Ethereum.

LN Payments in Cash App

Cash App has also introduced new functionality for Bitcoin transactions. Later this month, the service will allow payments via the Lightning Network. Even if users do not hold digital gold, they can choose an option where businesses receive the first cryptocurrency instead of dollars.

“Once launched, customers will be able to convert USD into a Bitcoin payment with a single tap,” company representatives said.

The company explained that after scanning a QR code, customers can select the Cash option in the app. In this case, funds will be deducted from the dollar balance, yet the seller will still receive Bitcoin.

The Lightning Network allows for the rapid and low-cost transfer of digital gold without using the main network.

Jack Dorsey, the founder of Twitter (now X), left the company in 2021 to focus on Bitcoin initiatives. He has repeatedly stated his aim to make the first cryptocurrency a daily means of payment.

Earlier this year, Dorsey’s company Block launched a pilot project for real-time digital gold payments within the Square app. The service is based on Lightning Network technology. 

On July 23, Block was included in the S&P 500 index.

“We see the first cryptocurrency as the future of the financial system, but for it to become everyday money, greater flexibility and ease of use are needed,” said Miles Suter, head of Bitcoin at Block.

The foundation of Cash App 1.0 is fiat already. Stablecoins are just upgraded fintech rails. Our implementation is chain and coin agnostic.

We are building Cash App v2 on bitcoin.

If customers want to send us stablecoins, we will happily turn them into bitcoins. https://t.co/oZAJN6dCz3

— Miles 🌞 (@milessuter) November 13, 2025

He added on X that Cash App 1.0 is fundamentally fiat-based, and stablecoins are merely enhanced fintech infrastructure. Suter also noted that the service’s implementation is not dependent on any specific network or asset.

“We are building Cash App v2 on Bitcoin,” the top manager emphasized.

Back in October, Dorsey rejected the notion of Bitcoin being part of cryptocurrencies. The post sparked heated debates within the community.