Cash App lets users send USDC stablecoins on chains like Solana and Ethereum

Cash App (Block, Inc.) announced users can now send and receive USDC stablecoins on Solana, Ethereum, Polygon and Arbitrum directly from their existing USD balance with no extra wallet setup or fees. The move — promoted by Block’s Bitcoin Product Lead Miles Suter — is a significant product expansion that broadens on‑ramps for USDC and stablecoin utility across major chains and could boost on‑chain stablecoin flows from Cash App’s 59 million monthly active users. It also underscores competition among payment firms and networks expanding stablecoin capabilities and may support broader crypto adoption and USDC usage, even as bitcoin remains a strategic focus for Block. The update is likely modestly bullish for stablecoin demand and crypto payments infrastructure.