US EditionFacebook, Instagram To Give Creator Payouts In Stablecoin? Here's What Meta's New Announcement Means
Meta is using USDC on Solana and Polygon for creator payouts, with Stripe handling crypto tax reporting as the pilot expands beyond a limited group.
- Meta has quietly rolled out digital currency payouts for select creators in Colombia and the Philippines, utilizing the USDC stablecoin on the Solana and Polygon blockchain networks.
- This return to stablecoins follows Meta's 2022 abandonment of the Libra project, later renamed Diem, amid regulatory scrutiny; the launch follows the 2025 passage of the GENIUS Act under President Donald Trump.
- Meta partnered with Stripe to provide crypto-related reporting for users, who must link a third-party crypto wallet; the company will not offer services to convert USDC into local currencies.
- Polygon Labs CEO Marc Boiron said, "The future of marketplace payouts is being built on blockchain infrastructure like Polygon," noting the program is expected to expand to more than 160 countries by year-end.
- Other major tech firms like Shopify and Western Union are exploring blockchain-based payments, while Visa reported its stablecoin settlement network hit $7 billion in annualized transaction volume, growing 50% in a quarter.
36 Articles
36 Articles
Facebook, Instagram To Give Creator Payouts In Stablecoin? Here's What Meta's New Announcement Means
Meta Platforms Inc. (NASDAQ:META) has begun offering payouts in USDC (CRYPTO: USDC) to a select group of creators, according to the company’s website. Crypto Payouts In These Countries The technology giant, known for its ownership of Facebook and Instagram, stated on its support page that the feature is currently available to “select creators” in Colombia and the Philippines. Eligible users can connect a cryptocurrency wallet and receive payment…
MegaETH debuted with a point campaign reminiscent of the old airdrop manuals, while Meta began testing USDC payments for creators in Colombia and the Philippines, and the DeFi ecosystem collected more than $32,000,000 to contain damage after the Kelp attack. In parallel, Blockworks reached a $192,000,000 valuation with a commitment to data, research and transparency in the digital asset market. *** MegaETH launched its point program with high-sp…
Meta Leverages Solana Network For Next-Gen Stablecoin Payments – What To Know
As the blockchain sector evolves, the Solana network is persistently gaining serious attention among large players and institutions as they launch new products on the blockchain. Solana has shifted into the spotlight once again following the recent move by Meta to launch a stablecoin payment solution on the leading network. Solana Chosen by Meta for […]
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