[Cash App Supports USDC Stablecoin Transactions on Networks Like Ethereum] Odaily Planet Daily reports that Block's payment application, Cash App, now allows users to send and receive Circle-issued USDC stablecoins on Ethereum, Solana, Polygon, and Arbitrum networks. Currently, no fees are charged for related transfers. Stablecoins received by Cash App are automatically converted into USD balances. This feature is not yet available to customers in New York State, and users must complete identity verification and are subject to transaction limits. Block has previously focused on Bitcoin-related initiatives, including developing mining hardware and the self-custody wallet BitKey. Earlier this year, Jack Dorsey stated that stablecoins represent a shift "from one gatekeeper to another," while acknowledging the growing customer demand.