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Meta Returns to the Stablecoin Race, Launches USDC Payment Feature for Selected Creators
According to Meta's official website, Meta has opened the stablecoin payment feature to some creators in Colombia and the Philippines, supporting receiving USDC via the Solana and Polygon networks. Creators need to link a third-party crypto wallet address on the Facebook Payments platform; Meta does not provide USDC to local fiat currency exchange services. For tax reporting, Stripe offers crypto-related support.
A Meta spokesperson said the company is exploring the possibility of including stablecoins as a payment option. This is Meta's first re-engagement with stablecoin payments since shutting down the Libra (Diem) project in 2022.