MENLO PARK, Calif.—Meta has begun offering stablecoin payouts to a limited group of creators in select international markets, according to a post published in the company’s Business Help Center.
Meta said the feature is currently available to creators in Colombia and the Philippines, allowing them to receive payments in the USD Coin via supported crypto wallets operating on the Solana and Polygon networks.
“Meta now offers USDC stablecoin payouts via supported crypto wallets on the Solana and Polygon blockchain networks,” the company said in the post. “To receive these payouts, you must use a wallet that accepts USDC on one of these networks.”
The rollout was first highlighted in a report by CoinDesk, which described the move as a sign Meta is reentering crypto-enabled payments several years after discontinuing its earlier digital currency initiative.
Support from Stripe
According to CoinDesk, the service is supported by Stripe, which is providing crypto-related reporting tools. Creators using the feature may receive tax documentation from both Meta and Stripe tied to earnings and digital asset transactions.
“Businesses can now send stablecoin payouts directly to customers using Link,” Jay Shah, head of Stripe’s Link checkout service, said in a statement cited by CoinDesk. “We’re already partnering with Meta so their creators can receive stablecoins in their Link wallets in countries like the Philippines and Colombia.”
The development follows earlier reporting by CoinDesk that Meta had been exploring a return to stablecoin payments and was seeking a partner to facilitate transactions.
Earlier Effort Abandoned
Meta previously entered the digital currency space in 2019 with the launch of its Libra initiative, later rebranded as Diem, before abandoning the effort in 2022 amid regulatory scrutiny from lawmakers and global authorities.
Separate reporting by PYMNTS has compared the current stage of stablecoin development to the early days of digital media, noting the technology’s potential to transform financial systems while also introducing new risks.
“Stablecoins are at a similar inflection point,” PYMNTS wrote, adding that while the tokens enable money to move as easily as data, they also expose vulnerabilities in open financial systems.
