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Facebook, 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.
17 Articles
17 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…
Congress Killed Libra in 2019. Meta Just Launched Stablecoin Payments Anyway. Nobody Said a Word - DailyCoinPost
In June 2019, Facebook announced Libra. A global digital currency backed by a basket of national currencies, designed to let 3 billion users send money across borders instantly with near-zero fees. Congress summoned Mark Zuckerberg to testify. Regulators on three continents objected. Partners fled. The project was renamed Diem, scaled back repeatedly, and quietly killed in early 2022. Yesterday, Meta launched stablecoins payments anyway. Not wit…
Meta Turns to Stablecoin Payouts as AI Spending Hits $145 Billion
Key Takeaways: Meta has begun paying select creators in USDC stablecoin via Facebook and Instagram. Stripe handles the infrastructure, with transactions running through the Solana and Polygon blockchain networks. Unlike the failed Diem/Libra project, Meta is not issuing its own currency – it is piggybacking on Circle’s existing USDC. In Q1 2026, Meta reported $56.31 billion in revenue, a 33% year-over-year increase. According to a report by For…
Meta taps USDC to power creator payments through Solana and Polygon
Meta has begun offering select creators the option to receive payouts in USDC, expanding its payments model into blockchain-based transfers. According to a support page published by Meta Platforms, eligible creators can receive USDC directly into crypto wallets operating on…
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