According to CoinDesk, the Cash App under Block has opened up USDC payment functionality to nearly 60 million users, about a quarter of whom plan to cover all users this week. This feature supports recharging and withdrawing USDC on four chains: Solana, Ethereum, Polygon, and Arbitrarum, serving as a blockchain transfer channel for fiat balances. On chain transfers are irreversible, and incorrect address transfers or lack of network support may result in fund loss. At present, this feature is not available in New York State and sponsored accounts. Verified users have a daily limit of $2000, a weekly limit of $5000, and a receiving limit of $10000 per week.
