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Meta Starts USDC Payouts for Creators in Colombia and the Philippines

Meta has begun paying select creators in USDC through Stripe on Solana and Polygon, expanding the rollout beyond Colombia and the Philippines to include eligible users in the United States.

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USDC

Fact Check
The specific claim is directly supported by x post 2049550437901107655, which states all key elements: Meta, creator payouts, Stripe, Circle's stablecoin, Solana, Polygon, and the initial rollout in Colombia and the Philippines, while citing The Information as its reference. x post 2049551814098596235 independently supports the core launch of stablecoin payouts for creators. Confidence is only medium because the primary article from The Information could not be fetched successfully in this run and no official Meta, Circle, Solana, or Polygon announcement was retrieved.
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Summary

Meta has begun paying select creators in USDC stablecoin via Stripe on the Solana and Polygon networks, marking Facebook’s first crypto payout program since the company abandoned Libra, later Diem, under regulatory pressure. Earlier coverage said the rollout was limited to Colombia and the Philippines, but the new report states select creators in the United States are also receiving the payouts. Eligible creators can connect third-party crypto wallets to Facebook’s payout platform and receive USDC directly, while Meta does not convert the funds into local currency. The program uses externally issued USDC rather than a Meta-issued token.

Terms & Concepts
  • USDC: A dollar-pegged stablecoin issued by Circle, designed to maintain a stable value for digital payments and transfers.
  • Solana: A public blockchain network used to transfer crypto assets, including USDC payouts in Meta’s creator program.
  • Polygon: A blockchain network Meta is using alongside Solana to deliver creator payouts in USDC.