Meta Pays Facebook Creators in USDC for First Time
Meta has begun paying select creators in USDC stablecoin on Solana and Polygon via Stripe, marking Facebooks first crypto payout program four years after the company shut down its Libra project under regulatory pressure.Meta USDC creator payouts launched April 29 for select creators in Colombia and the Philippines, with eligible users able to link a MetaMask, Phantom, or Binance wallet and receive earnings in Circles USDC directly.Stripe handles the backend and provides tax reporting for the transactions. Meta emphasized it is not issuing its own stablecoin and is using Circles existing USDC, which has a market cap exceeding $77 billion.The move reverses Metas retreat from crypto payments: Libra was launched in 2019, rebranded as Diem, and shut down entirely in 2022 after regulators blocked every path to launch. Meta USDC creator payouts went live on April 29 when the company quietly updated its support page to show that eligible creators in Colombia and the Philippines can now receive earnings in USDC on either Solana or Polygon. Yahoo Finance reported that Stripe, which acquired stablecoin infrastructure firm Bridge for $1.1 billion in late 2024, is the payments provider handling transactions and generating crypto-related tax documents for creators. Meta explicitly told reporters it