Share
Block CEO Jack Dorsey says the payments company will support stablecoins inside Cash App even though he still believes Bitcoin represents the stronger foundation for internet money.
The comments came during a WIRED interview published March 10, 2026, where Dorsey acknowledged that customer demand is pushing the company to accommodate digital dollars despite his reservations about them. The decision marks a practical adjustment inside one of Silicon Valley’s most visible Bitcoin-focused companies as stablecoins gain wider use across payment platforms.
🚨JUST IN: JACK DORSEY CONFIRMS BLOCK WILL SUPPORT STABLECOINS
Dorsey says he doesn’t like stablecoins but admitted customer demand pushed Block (previously Square) to support them despite his view that Bitcoin should be the internet’s money. pic.twitter.com/g3WaTwXg4I
— Coin Bureau (@coinbureau) March 9, 2026
Dorsey has spent years arguing that Bitcoin should function as the internet’s open monetary protocol. During the interview he reiterated that position and stressed that Block’s strategy has always centered on Bitcoin rather than the broader crypto sector.
At the same time, he acknowledged that Block will move ahead with stablecoin functionality because customers are increasingly using those assets for payments. Dorsey suggested the move reflects market demand rather than a change in his broader view of digital money, warning that privately issued digital dollars could recreate the kind of centralized control Bitcoin was designed to avoid.
Block’s crypto activity has historically revolved around Bitcoin. Cash App introduced Bitcoin buying and selling in 2017, the company began funding Lightning Network developers in 2019, and Block started adding BTC to its corporate treasury in 2020. The firm now holds roughly 8,883 BTC, valued at more than $600 million based on recent market prices.
Stablecoin support will be integrated into Cash App’s payment flow, allowing deposits to convert into US dollar balances within the app. The structure keeps fiat as the primary unit of account while enabling transactions to move through stablecoin rails.
Block executives previously discussed building this payment architecture during company earnings calls in 2025. The system was designed alongside Moneybot, an AI assistant introduced in Cash App to provide financial insights and automate certain payment functions.
The stablecoin infrastructure forms part of a broader update to Cash App’s internal payment pipeline as digital dollar payments continue to expand across fintech platforms.
Block’s decision comes as stablecoins have grown into a market worth roughly $300 billion, according to data from CoinMarketCap. Payment companies including Stripe and PayPal have already integrated stablecoin infrastructure to support cross-border transfers and merchant settlement, signaling broader adoption of digital dollars across fintech platforms.
For Block, supporting stablecoins doesn’t appear to signal a retreat from Bitcoin. Instead, the company is adapting its payment system to accommodate tools customers already use while maintaining Bitcoin as the protocol it views as the most open form of digital money.
The approach leaves Block balancing two priorities. Bitcoin remains central to Block’s long-term vision for internet payments, while stablecoins are entering the platform as an additional transaction rail responding to current market demand.
Share
