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[Cash App by Jack Dorsey to Support Stablecoin Transfers and Bitcoin Payments] The payment platform Cash App, under Jack Dorsey, announced that it will support users in sending and receiving stablecoins, with the related functionality expected to launch early next year. Each user will receive a blockchain address linked to their account. Stablecoins received will be converted into USD within the platform, and when sending USD to a blockchain address, it will be converted back into stablecoins. Block has not disclosed which stablecoins or blockchain types will be supported. Additionally, Cash App users will be able to pay merchants with Bitcoin in the future. The platform will automatically convert users' cash into Bitcoin to complete the payment, without requiring users to hold Bitcoin.