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Jack Dorsey says Block will support stablecoins due to rising customer demand, marking a shift from the company’s Bitcoin-only stance.
Author: Arushi Garg
10th March, 2026 – Jack Dorsey, Bitcoin’s loudest corporate champion, has reluctantly approved stablecoins at Block. In a WIRED interview, the Block CEO said the company will now support stablecoins on Cash App because “customers are demanding them,” even though he has spent years arguing that Bitcoin alone should be the internet’s native money. The move signals the clearest shift yet in Block’s Bitcoin-only vision, following a quiet stablecoin integration rolled out last November.
High Signal Summary For A Quick Glance
Jesse Shrader 🌋⚡
@Jestopher_BTC
@CoinDesk @jack @blocks @stripe @PayPal Hey @jack we're incorporating stablecoins into Lightning via Taproot assets so the value always flows through bitcoin. We're onboarding issuers now.
FINANCE: "I don't like that we're going to support stablecoins but our customers want them," says @jack — as @Blocks reluctantly joins @Stripe and @PayPal in adding stablecoin support despite Dorsey's long-held belief that $BTC is the internet's native money. https://t.co/h2osZ2033F
09:22 PM·Mar 9, 2026
Nsho
@NshoWorld
@CoinDesk @jack @blocks @stripe @PayPal Bitcoins original idea is dead guys. Treat it like gold and a savings account, not spendable cash
FINANCE: "I don't like that we're going to support stablecoins but our customers want them," says @jack — as @Blocks reluctantly joins @Stripe and @PayPal in adding stablecoin support despite Dorsey's long-held belief that $BTC is the internet's native money. https://t.co/h2osZ2033F
07:16 PM·Mar 9, 2026
Boruto_
@boruto_ua
@CoinDesk @jack @blocks @stripe @PayPal Customer demand won that argument for him
FINANCE: "I don't like that we're going to support stablecoins but our customers want them," says @jack — as @Blocks reluctantly joins @Stripe and @PayPal in adding stablecoin support despite Dorsey's long-held belief that $BTC is the internet's native money. https://t.co/h2osZ2033F
06:38 PM·Mar 9, 2026
High attention and emotional sentiment detected.
Block has been Bitcoin’s loudest corporate champion under Jack Dorsey, adding BTC buying to Cash App in 2017, earning a BitLicense in 2018, funding Lightning Network developers, and holding thousands of BTC on its treasury. But in a WIRED interview published March 6 2026, Dorsey admitted the company will now support stablecoins purely because customers are demanding them despite his long-held belief that Bitcoin alone should be the internet’s native money protocol.
This is Block’s clearest step away from its Bitcoin-only vision, following a quieter stablecoin integration in Cash App last November. Dorsey has repeatedly rejected stablecoins as swapping one central gatekeeper (banks) for another; the same competitive pressure earlier pushed PayPal and Stripe to add them, exploding the stablecoin market past $300 billion with no backlash and only stronger adoption and payments volume.
Key milestones in Block’s evolving cryptocurrency strategy through Cash App
Square (now Block) starts testing Bitcoin buying and selling features with a limited group of Cash App users.
Following the pilot phase, Cash App rolls out Bitcoin buying and selling to most users across the United States.
Square obtains the New York BitLicense, enabling regulated cryptocurrency services within the state.
Block purchases 4,709 BTC for its corporate treasury, signaling long-term conviction in Bitcoin as a strategic asset.
Cash App introduces support for sending and receiving stablecoins alongside its existing Bitcoin services.
Jack Dorsey states that Block will support stablecoins because customer demand has made them an important payment tool alongside Bitcoin.
Block’s decision also reflects how stablecoins are becoming core infrastructure across crypto and fintech. Payment companies are increasingly exploring stablecoins for faster settlement and lower fees compared to traditional banking rails. By supporting them in Cash App, Block ensures it remains competitive as more fintech platforms integrate blockchain-based payment options.
The move also highlights the growing role of stablecoins in global transfers. They are already widely used for remittances and international settlements where traditional systems are slow or expensive. Adding this capability to Cash App gives Block exposure to that expanding use case while still maintaining its long-term Bitcoin strategy.
Cash App stablecoin usage metrics: Weekly volume and active users over the next 7 to 14 days will show whether demand is real.
Block Q1 2026 earnings call (late April): Any revenue breakdown between stablecoins and Bitcoin services will reveal the financial impact.
Jack Dorsey’s X feed and interviews: Watch for posts or comments clarifying whether this is limited to payments or signals a broader shift.
USDC and USDT volume and supply growth: A noticeable increase driven by Cash App’s 50M+ users would validate the move across the $300B+ stablecoin market.
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