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Meta restarts stablecoin payments, offering USDC settlement services to creators
Deep Tide TechFlow News, April 30th, according to Fortune, Meta has quietly launched a stablecoin payment feature, providing USDC-based payment services to some creators in Colombia and the Philippines, supporting Solana and Polygon networks. Creators can enter third-party wallet addresses into Facebook’s payment platform to complete withdrawals. Meta does not offer USDC to local fiat currency conversion services and collaborates with Stripe to handle related tax reporting.
According to Polygon Labs CEO Marc Boiron, the project is expected to expand to over 160 countries by the end of the year. This launch comes more than four years after Meta’s Libra (later renamed Diem) project was terminated in late 2022.