Cash App begins supporting USDC transfers

Cash App, the payment platform from Jack Dorsey's Block, has begun supporting USDC stablecoin transfers on networks including Ethereum, Solana, Polygon, and Arbitrum. There are currently no transfer fees. The app automatically converts any received USDC into a user's dollar balance. However, the service is not yet available to users in New York, and all users must complete an identity verification (KYC) process.