Block kicks off Cash App’s phased stablecoin roll out to its nearly 60 million users
Crypto
Block is rolling out stablecoin functionality to Cash App's ~60M users, with 25% already onboarded and full access expected by week's end. This positions SQ as a major consumer on-ramp for stablecoins, potentially driving transaction volume and re-rating the stock's crypto optionality.
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↑ LONG+8% target-5% stop1-2 weeks tactical
Long SQ into full stablecoin rollout completion — 60M user on-ramp is a material crypto optionality catalyst the market hasn't fully priced.