Cash App has introduced new features allowing users to send and receive stablecoins and make payments in bitcoin via the Lightning Network. This update enables customers to use their USD balances for bitcoin transactions without needing to hold the cryptocurrency. The changes come as adoption of stablecoins rises and reflect a shift in how people manage their finances.

JP Morgan and Block (Cash App) are advancing stablecoin adoption, with JP Morgan introducing the JPM Coin on the Base network for institutional clients and Cash App planning USDC transfers on Solana by 2026. This shift highlights a growing trend of financial institutions embracing public blockchain networks for faster and more efficient digital dollar transactions.