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Cash App, the payments platform owned by Block, the financial technology company co-founded by Jack Dorsey, launched support for sending and receiving USDC on Wednesday, offering fee-free stablecoin transfers across four blockchain networks with no separate wallet or crypto setup required.
Users can now send and receive USDC, the dollar-pegged stablecoin issued by Circle, on Solana, Ethereum, Polygon, and Arbitrum. Transfers settle directly from a user's existing USD balance, with USDC auto-converting on both send and receive. The no-fee offer is available for a limited time only. The feature is not available to New York residents.
The launch marks the full rollout of a plan The Defiant first covered in November, when Cash App announced it would add stablecoin support early this year, making stablecoins "interoperable with a customer's USD cash balance."
