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Cash App Adds USDC Transfers Across Solana, Ethereum, Polygon and Arbitrum

Cash App Adds USDC Transfers Across Solana, Ethereum, Polygon and Arbitrum

Cash App has expanded beyond its Bitcoin-focused offering by enabling USDC transfers across four networks with no fees, though reports indicate the rollout is phased and currently reaching about 15 million users.

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Fact Check
The CoinDesk primary report (confirmed by Block) states Cash App began phased USDC rollout to ~25% of its ~60 million users this week, with completion by week's end. CryptoBriefing explicitly reports ~15 million users this week, consistent with 25% of 60M. Odaily corroborates citing CoinDesk. The claim's headline (rollout to nearly 60M users) and body detail (15M users this week) both match.
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Summary

Cash App has added support for USDC transfers across Solana, Ethereum, Polygon and Arbitrum, expanding its crypto offering beyond its earlier Bitcoin-centered model. The feature lets users send and receive the U.S. dollar-pegged stablecoin without transfer fees or setting up a separate crypto wallet. While Cash App framed the launch around its 59 million monthly users, separate reporting indicates the rollout is phased and is reaching about 15 million users this week, roughly one-quarter of the broader base. Reported operating limits include daily send caps of $2,000 and weekly receive caps of $10,000, and the service is said to be unavailable in New York state and for sponsored accounts.

Terms & Concepts
  • USDC: A stablecoin designed to maintain a 1:1 value with the U.S. dollar, commonly used for payments, transfers, and on-chain transactions.
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
  • Arbitrum: An Ethereum scaling network that enables lower-cost and faster transactions than the Ethereum base layer.