Meta Integrates USDC Payouts for Creators on Solana and Polygon
- Meta now allows select content creators to receive earnings in USDC stablecoin.
- The feature is available to creators in Colombia and the Philippines, using the Solana and Polygon blockchains.
- Meta utilizes Circle’s USDC, which has a market cap exceeding $77 billion, rather than issuing its own stablecoin.
- Supported wallets include MetaMask, Phantom, and Binance, with Stripe handling payment infrastructure.
- This marks Meta’s first move into crypto payments since discontinuing its Diem project in 2022.
Meta has launched a new feature allowing select creators to receive payouts in USDC stablecoin directly to their crypto wallets on Solana and Polygon blockchains. This initiative is currently limited to creators in Colombia and the Philippines, reflecting Meta’s strategic focus on emerging markets with high crypto adoption rates.
By integrating Circle’s USDC instead of issuing its own stablecoin, Meta aligns with growing industry trends toward digital dollar payment systems like those projected by Chainalysis to reach $1.5 quadrillion in trading volume by2035 . (Source )
