Block’s Cash App is broadening its cryptocurrency offerings for the first time beyond bitcoin and USDC, partnering with payments platform MoonPay to give its 59 million active users access to ether, solana, XRP and the stablecoin USDT.
The integration, announced Tuesday, allows eligible U.S. Cash App users to fund MoonPay purchases directly from their Cash App balances. Beyond simply buying tokens, users can also connect and fund popular self-custody wallets through MoonPay, including Ledger, MetaMask, Trust Wallet, BitPay and Uniswap.
A Strategic Pivot Without Building New Infrastructure
Cash App, developed by Jack Dorsey’s fintech company Block (XYZ), has long been one of the most important mainstream gateways into crypto. But its digital asset offerings have been tightly constrained: bitcoin since the app’s early days, and USDC stablecoin support added only earlier this year.
Dorsey, a well-known bitcoin maximalist, acknowledged the tension in March when USDC support launched. “I don’t think it’s wise to go from one gatekeeper to another,” he said at the time, adding that he did not personally favor supporting stablecoins but that “customers want to use them.”
The MoonPay deal sidesteps the need for Block to build its own multi-asset trading infrastructure. Instead, it outsources the plumbing to MoonPay, which already supports more than 140 digital currencies and processes fiat-to-crypto conversions across dozens of countries.
What It Means for the Market
“While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility however they choose to pay,” said Morgan Kuntze, Block’s global partnerships lead, in the announcement.
The move significantly widens the on-ramp for retail crypto participation in the U.S. Cash App’s 59 million monthly active users, reported in Block’s second-quarter shareholder letter, now have a single-tap path from fiat balances to the broader token ecosystem. Previously, accessing ether or solana required users to leave Cash App entirely and set up accounts on separate exchanges.
MoonPay has been on an acquisition and expansion push throughout 2026. The company acquired Solana trading infrastructure provider DFlow in May and crypto security firm Cryptee in April. It also added PayPal and Venmo as payment options in prior years, building a web of mainstream fintech integrations that make it increasingly invisible as the middleware layer between traditional payments and crypto markets.
Sources: CoinDesk; Cointelegraph; Block Q2 2026 shareholder report; MoonPay announcement
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