Meta (META) starts stablecoin payout to creators in Circles USDC on Polygon, Solana via Stripe
Meta (META), the social media giant behind Facebook and Instagram, has started to offer stablecoin payout to creators, signaling a return to crypto-powered payments years after shelving its Libra project. The feature is currently available to a limited group of creators in Colombia and the Philippines, according to a Meta website. Eligible users can link a crypto wallet and receive payouts in Circles USDC token on the Solana or Polygon blockchain networks. The service is supported by payments firm Stripe, which will provide crypto-related reporting for users. Creators may receive tax documents from both Meta and Stripe tied to their earnings and digital asset transactions. A Stripe spokesperson confirmed the companys involvement to CoinDesk. “Businesses can now send stablecoin payouts directly to customers using Link,” said Jay Shah, head of Link at Stripe, referring to the company‘s customer checkout service. “We’re already partnering with Meta so their creators can receive stablecoins in their Link wallets in countries like the Philippines and Colombia.” The news comes after Meta sought the help of third-party vendors to administer stablecoin payments on its platforms, with Stripe among the leading contenders for the integration, CoinDesk reported in February. The move puts Meta, with over 3 billion users across its social