After ending the Libra, later Diem, project in 2022 under regulatory pressure, Meta has begun a limited stablecoin payout rollout for selected creators in two overseas markets.
Meta has resumed blockchain-based payment activity by introducing USDC payouts for select creators in Colombia and the Philippines. The move follows the company’s shutdown of Libra, later renamed Diem, in 2022 after regulatory pressure. Based on the provided information, the rollout is initial and limited, indicating a narrower approach to digital asset payments than Meta’s earlier attempt to build a broader crypto payments system. USDC is a stablecoin, a type of cryptocurrency designed to maintain a steady value, typically linked to the U.S. dollar.