Cash App’s 59M Users Get MoonPay Access to ETH, SOL, XRP, USDT

MoonPay has added Cash App Pay as a funding option, opening the crypto payments platform to Block’s roughly 59 million active Cash App users. The integration, announced Tuesday, lets eligible U.S. customers spend their Cash App balances directly on MoonPay’s checkout to buy ether, solana, XRP and the stablecoin USDT — assets Cash App itself has never offered natively.

At the time of the announcement, bitcoin traded near $64,100, ether around $1,897, solana near $76 and XRP just under $1. Those price levels underscore the range of exposure now reachable from a single Cash App balance without leaving the app to open a separate exchange account.

From bitcoin-only to a multi-asset onramp

Cash App’s crypto service has historically been limited to bitcoin purchases, with support for USDC, the second-largest stablecoin, added only earlier this year. The MoonPay tie-up is the first time Cash App balances can be routed into ether, solana, XRP and USDT, alongside funding for external wallets such as Ledger, BitPay, Trust Wallet, MetaMask and Uniswap. Cointelegraph also reported that select partners including Moonshot, Tangem, LOBSTR, Bitcoin.com and Edge are covered by the integration.

Rather than building the infrastructure itself, Block is leaning on MoonPay’s existing rails to satisfy customer demand for a broader token selection. Block’s Jack Dorsey, a self-described bitcoin maximalist, said in March he was reluctant to add stablecoins because “I don’t think it’s wise to go from one gatekeeper to another,” even as he acknowledged customers wanted the option.

Morgan Kuntze, Block’s global partnerships lead, framed the move as preserving that stance while still meeting demand: “While bitcoin remains at the core of our digital asset strategy, we want to give customers choice and flexibility however they choose to pay.”

Why the user count matters

Block’s second-quarter shareholder report put Cash App’s active user base at 59 million as of June, making it one of the largest mainstream distribution channels into digital assets in the U.S. market. Funneling even a small share of that base toward MoonPay’s checkout would represent a meaningful new customer pipeline for a payments company that has spent 2026 diversifying beyond its original fiat-to-crypto onramp model.

MoonPay CEO and co-founder Ivan Soto-Wright said the integration turns an app tens of millions of Americans already use for everyday money management into a funding source for crypto: “This integration means that those users can access the digital asset ecosystem, funded instantly from an app they already know and trust.”

Cash App Pay now sits alongside PayPal and Venmo as payment methods MoonPay supports, with PayPal added in 2024 ahead of Venmo. MoonPay operates under a New York BitLicense and Limited Purpose Trust Charter and holds authorization under the EU’s Markets in Crypto-Assets Regulation via the Netherlands, credentials that underpin its push to plug into major consumer payment apps rather than compete solely as a standalone onramp.

What it means for holders

For everyday Cash App users, the change means an existing balance can now convert into ether, solana, XRP or USDT without a bank transfer or a new account at a separate exchange. It does not change how Cash App itself custodies bitcoin or USDC, and any assets bought through MoonPay are subject to MoonPay’s own terms and custody arrangements, not Cash App’s.

Sources

• coindesk.com
• cointelegraph.com