Cash App lets users send USDC stablecoins on chains like Solana and Ethereum
The Block
Cash App now allows its 59 million users to send and receive USDC stablecoins across multiple blockchains without fees.Summary
Cash App, operated by Block, Inc., has enabled the transfer of USDC stablecoins across several blockchains, including Solana, Ethereum, Polygon, and Arbitrum. The feature allows users to utilize their existing USD balances for these transactions with no additional fees or complex setups. This expansion marks a significant shift for the platform, which has traditionally focused on Bitcoin, as it seeks to provide a bridge between fiat currency and digital assets amidst growing stablecoin adoption by global payment networks.
(Source：The Block)