Cash App, the payment platform of Block led by Jack Dorsey, has begun supporting USDC stablecoin transfers based on networks such as Ethereum and Solana. Supported networks also include Polygon and Arbitrum, and it is reported that there are currently no transfer fees. Cash App has adopted a method of automatically converting received USDC into a dollar balance. However, users in the New York region cannot yet use this service, and users must go through a Know Your Customer (KYC) verification process.
