Block’s Cash App began rolling out support for USDC stablecoin transfers on May 27, initially reaching around a quarter of its nearly 60 million users, with full availability expected by the end of the week. The feature covers four blockchain networks Ethereum, Solana, Polygon, and Arbitrum and carries no transfer fees at launch.
Incoming USDC is automatically converted into a user’s dollar balance. Users can also send USDC from their Cash App wallet to external wallets on any of the supported networks. The feature is unavailable to customers in New York State and to holders of sponsored accounts. Blockchain transfers are irreversible; funds sent to incorrect addresses cannot be recovered.
Block’s Bitcoin Product Lead Miles Suter announced the rollout, noting: “We remain singularly focused on bitcoin becoming the native currency of the internet.”
The move marks the first time Cash App has supported non-bitcoin crypto rails. Chief Executive Jack Dorsey, a longstanding bitcoin advocate, had previously described stablecoins as representing “a shift from one gatekeeper to another,” while acknowledging growing customer demand.
“Cash App going live with stablecoins is the moment that stablecoins stop being a crypto product and become mainstream payments infrastructure,” said Aishwary Gupta, Global Head of Business at Polygon. “When a platform with nearly 60 million US consumers turns on USDC across blockchains like Polygon, and lets dollars move in and out of users’ existing balances with no separate wallet, no chain management, and no fees, stablecoin rails become a competitive baseline for every consumer fintech. The companies that don’t ship in the next two quarters lose ground on cross-border transfers, creator payouts, and merchant acceptance, the use cases where stablecoins are already cheaper and faster than legacy rails. Cash App’s structural choice matters as much as the launch itself: treating stablecoins as a payment surface rather than an investment product is the model that works at consumer scale, and it’s the structure other fintechs will land on.”
The rollout coincides with a broader cluster of institutional stablecoin activity. On April 29, Visa expanded its global stablecoin settlement pilot from four to nine blockchain networks, adding Base, Polygon, Canton, Arc, and Tempo alongside its existing support for Ethereum, Solana, Avalanche, and Stellar. The pilot had reached a $7 billion annualized run rate as of that date, up 50% from the prior quarter, and now supports more than 130 stablecoin-linked card programmes across more than 50 countries.
On the same day, Meta began offering USDC payouts to a select group of content creators in Colombia and the Philippines, using Solana and Polygon as the settlement networks. Stripe is serving as the payments infrastructure provider, handling backend operations and crypto-specific tax reporting. Eligible creators must connect a compatible third-party wallet, e.g. MetaMask, Phantom, or Binance, to their Facebook payout account. Meta confirmed it is not issuing its own stablecoin, using Circle’s USDC instead. The company has said it plans to expand the programme to more than 160 countries by the end of 2026.
Revolut, which began integrating Polygon for stablecoin transfers in 2024, had processed $690 million in cumulative volume on the network by November 2025. That figure crossed $1.2 billion by March 2026, representing an estimated 156% year-over-year increase in its total stablecoin volumes across all chains, which reached $10.5 billion in 2025.
The article was updated on June, 1, 2026, with comments received from Aishwary Gupta, Global Head of Business at Polygon
