Say goodbye to Libra gloom! Meta teams up with Stripe to launch stablecoin payments, allowing creators to receive USDC directly

Meta, the community giant that bid farewell to the crypto world after the “Libra (Diem)” project was shelved, has now re-entered the cryptocurrency space after years of silence and weathering regulatory storms, allowing some content creators to receive revenue shares in “stablecoins.”
According to information from Meta’s official website, this new feature is currently being tested on a small scale in Colombia and the Philippines. Qualified creators can link their cryptocurrency wallets and directly receive USDC issued by the issuer Circle as content revenue through Solana or Polygon.

This service is supported technically by payment processor Stripe, which will provide users with tax reporting information related to cryptocurrency. Creators may receive tax documents from both Meta and Stripe regarding their income and digital asset transactions.
Jay Shah, head of Stripe’s payment platform “Link,” said: “Now, businesses can directly send stablecoins to customers through the Link service. We are working closely with Meta to enable creators in the Philippines and Colombia to receive stablecoins in their Link wallets.”
As early as February this year, market rumors indicated that Meta was actively seeking third-party providers to introduce stablecoin payment functions on its platform, with Stripe being the top candidate at the time.
Meta, with over 3 billion active users worldwide, has now become the largest “stablecoin payment application” testing ground globally, demonstrating the enormous potential of using blockchain to transfer funds to users worldwide.
Stablecoins are gradually being seen by the market as a faster, lower-cost tool for cross-border payments. For example, Visa, a leading traditional credit card company, recently announced that its stablecoin settlement network’s annualized transaction volume has exceeded $7 billion, with a quarterly growth rate of 50%.