Meta Begins Stablecoin Payments to Creators via Stripe

TLDR Meta has launched a pilot program that pays select creators in USDC stablecoin. The feature is currently available to eligible users in Colombia and the Philippines. Creators can link a crypto wallet and receive payouts on Solana or Polygon. Stripe supports the system and provides crypto-related transaction reporting. Creators may receive tax documents from both Meta and Stripe for earnings and digital asset activity. Meta has begun paying select creators in stablecoins through a new pilot program. The company has launched the feature in Colombia and the Philippines with Stripe’s support. The rollout marks Meta’s return to crypto payments after it ended its Libra project in 2022. Meta Rolls out USDC Payouts for Creators Meta now allows eligible creators to receive payouts in Circle’s USDC token. The company has limited the feature to a small group in Colombia and the Philippines. Creators can link a crypto wallet and choose Solana or Polygon for settlement. Meta states that the program supports cross-border payments without traditional banking rails. The company explains that creators can access funds through supported blockchain networks. The website confirms that participation remains limited during the early phase. Stripe supports the integration and handles crypto-related reporting for users. A Stripe spokesperson confirmed the company’s role in the rollout. Stripe will also provide transaction records tied to digital asset activity. Creators may receive tax documents from both Meta and Stripe. The documents will reflect earnings and related digital asset transactions. Meta outlines these reporting steps on its support pages. Circle issues USDC as a stablecoin pegged to the U.S. dollar. The token maintains a 1:1 value with the dollar. Meta selected USDC for the pilot payouts. Solana and Polygon serve as the supported blockchain networks. Creators can select either network for their transactions. Both networks process transfers using blockchain technology...