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Home/Markets/Meta Rolls Out Stablecoin Payouts for Creators
VERIFIEDBy Xavier Rivera· ·1 min read

Meta Rolls Out Stablecoin Payouts for Creators

Meta starts offering stablecoin payouts in USDC to select creators in Colombia and the Philippines, supported by Stripe. It marks the company's return to crypto payments years after abandoning Diem.

Source:CoinDesk
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Meta Rolls Out Stablecoin Payouts for Creators
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TL;DRAI · 60 sec read

Meta rolls out stablecoin payouts to select creators, enabling earnings in USDC on Solana or Polygon blockchains. The feature starts in Colombia and the Philippines, where creators link crypto wallets. Stripe supports it with crypto reporting and tax documents. It follows Meta's shutdown of the Libra/Diem project amid regulatory scrutiny.

Meta begins rolling out stablecoin payouts to select creators, allowing them to receive earnings in USDC on the Solana or Polygon blockchains.

The feature launches first for a limited group of eligible users in Colombia and the Philippines. Creators link a crypto wallet to access payouts, according to a Meta website.
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Payments firm Stripe supports the program and provides crypto-related reporting. Creators receive tax documents from both Meta and Stripe tied to earnings and digital asset transactions. A Stripe spokesperson confirmed the company's involvement.

CoinDesk reported in February that Meta sought third-party vendors like Stripe for stablecoin payments integration.
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The initiative follows Meta's shutdown of its Libra, later Diem, project amid regulatory scrutiny.
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