Cash App is expanding crypto support beyond Bitcoin and USDC through MoonPay, letting eligible U.S. customers use their Cash App balances to buy a wider set of digital assets and fund external wallets through the on-ramp provider.
What Cash App’s MoonPay-powered crypto expansion adds
Eligible U.S. Cash App users will be able to use their in-app balances to purchase MoonPay-listed assets including ether, solana, XRP, and USDT, CoinDesk reported on August 18, 2026, citing a Tuesday announcement. For related coverage, see CME Group to Launch Bitcoin Volatility Futures Contracts on June 1.
The same report said Cash App balances can also be used to fund external wallets through MoonPay, including Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap. That widens the app’s role from holding a narrow set of assets to serving as a funding source across the broader wallet ecosystem. For related coverage, see Goldman Sachs to Acquire NEOS for Up to $2.25 Billion, Adding BTCI Bitcoin ETF.
CoinDesk quoted Block global partnerships lead Morgan Kuntze framing the rollout as giving customers more choice and flexibility. A standalone official announcement page from Cash App, Block, or MoonPay detailing the exact asset list was not located, so the new-asset details currently rest on that single report. For related coverage, see Luke Dashjr Removed as Bitcoin BIP Editor After BIP-110 Fork Stalls.
Why expanding beyond Bitcoin and USDC matters for Cash App users
Until now, Cash App’s native crypto offering centered on Bitcoin and USDC. Cash App officially announced on May 27, 2026 that USDC send and receive is available for all eligible customers, with stablecoins auto-converting to U.S. dollars inside the app.
The scale behind that footprint is significant: Cash App says 59 million customers transact monthly, a distribution base that any MoonPay-linked asset rollout can reach.
Cash App’s stablecoin page notes it currently supports USDC on Solana, Ethereum, Polygon, and Arbitrum. The MoonPay route is what extends access beyond that stablecoin-and-Bitcoin baseline toward assets like solana and XRP without Cash App needing to natively custody each one.
For crypto-interested customers, the practical effect is more choice inside a mainstream finance app. The move mirrors how payment-focused rails such as LBank Pay broadened its supported asset set to cover a wider range of tokens. Because the specific asset list rests on a single report rather than an official page, the confirmed change is the support expansion itself, not any exhaustive token roster.
What the move signals for Cash App’s position in crypto payments
Rather than build native support for each new asset, Block is leaning on partnership infrastructure. MoonPay’s pricing disclosure lists the Cash App Pay API charge at 2.9% plus $0.30 per transaction, included within the MoonPay fee, showing the integration already sits inside a documented payment rail.
The relationship is also formalized in legal terms. MoonPay’s U.S. terms of use explicitly define a “Cash App Payout” and state MoonPay may make corresponding representations to Cash App, Block, Inc., or their affiliates, indicating a formal payout relationship rather than an ad-hoc integration.
Compliance rails frame the rollout. Cash App’s stablecoin announcement says the service is not available to New York residents and notes Block’s New York virtual-currency activity is licensed by the state’s Department of Financial Services, signaling the expansion operates inside existing U.S. regulatory constraints.
The broader backdrop remains cautious. Bitcoin traded near $64,121, up about 1% over 24 hours, while the Fear & Greed Index sat at 41, in “Fear” territory. Payments-led distribution moves like this one contrast with treasury-driven activity such as corporate Bitcoin sales to fund other priorities, underscoring how differently firms are approaching crypto exposure. For Cash App, the measured signal is a partnership-based push to widen asset access without expanding its own custody burden.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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