ME News reports that on May 27 (UTC+8), Cash App, a subsidiary of Block, has begun a phased rollout of USDC payment functionality, currently available to 25% of its nearly 60 million users, with plans to extend coverage to all users by the end of the weekend. The feature supports USDC on Solana, Ethereum, Polygon, and Arbitrum, allowing users to deposit USDC to fund their Cash App fiat balance or withdraw funds as USDC to external accounts. (Source: BlockBeats)
Cash App Discontinues USDC Payment Feature for Nearly 60 Million Users
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Summary
Cash App, a Block subsidiary, is rolling out a USDC payment feature to nearly 60 million users, with 25% currently live. The feature supports USDC on Ethereum, Solana, Polygon, and Arbitrum. Users can deposit USDC to top up fiat balances or withdraw to external accounts. A full rollout is expected by the weekend. On-chain activity is expected to rise as more users adopt the feature.
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