"Meta has quietly rolled out digital currency payouts for select creators in Colombia and the Philippines, utilizing the stablecoin USDC on the Solana and Polygon blockchain networks."
"Creators opting for Meta's stablecoin payouts will need to enter their third-party crypto wallet address into Facebook's payout platform, as Meta will not convert USDC into local currencies."
"The rollout follows Meta's previous attempt to launch its own stablecoin, which was abandoned in 2022 due to opposition from lawmakers and Congress."
"Since the passage of the GENIUS Act in 2025, which created a regulatory framework for dollar-backed stablecoins, major companies have started to make definite moves towards integrating stablecoins into their payment systems."
Meta has launched digital currency payouts for select creators in Colombia and the Philippines, utilizing the stablecoin USDC on Solana and Polygon blockchains. Creators must enter their third-party crypto wallet addresses for payouts, but Meta will not convert USDC to local currencies. The company has partnered with Stripe for crypto-specific tax reporting. This move follows Meta's previous failed attempt to launch a stablecoin, and it comes amid a more favorable regulatory environment for stablecoins, with other major firms also exploring similar integrations.
Read at Fortune
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