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

Read original at The Block·

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

60-second summary

Cash App is expanding its stablecoin transfer capabilities, allowing users to send USDC on Solana, Ethereum, Polygon, and Arbitrum chains. This move caters to users seeking broader options, but Miles Suter emphasizes the firm's bitcoin-centric focus. The integration aims to enhance user experience, potentially driving adoption of alternative chains and further diversifying the digital asset market's user base.

Cash App users can now transfer on Solana, Ethereum, Polygon and Arbitrum, but executive Miles Suter says the firm is still bitcoin-focused.