**Facebook Creator Can Monetize Content and Get Paid in USDC**

Meta Platforms, the parent company of Facebook and Instagram, has begun rolling out a payment scheme for content creators on its social media using the stablecoin USD Coin (USDC).
This system is processed through Stripe. However, unfortunately, this monetization scheme is currently only available in countries such as Colombia and the Philippines, with support from the Solana-Polygon network.
The scheme is designed to speed up cross-border payments while reducing transfer costs compared with traditional fiat methods. Using stablecoins also helps reduce exchange-rate friction in global monetization for creators.
Previously, the company attempted its own crypto project named Libra and later changed it to Diem, but opposition from authorities in the United States (Amerika Serikat/AS) and Europe halted those efforts. However, Meta is now leveraging third-party stablecoins to strengthen the creator economy on its platform.
$BTC $USDC