Meta offers stablecoin payout option for select creators

Meta has announced it is offering a stablecoin option for creator payouts. According to CoinDesk, the option is currently available only to select creators in Colombia and the Philippines. Eligible creators can receive their payouts in USDC via the Solana or Polygon blockchains. The company explained it has partnered with Stripe for the initiative. The media outlet noted that this marks Meta's return to the stablecoin market after its Diem project, formerly known as Libra, was halted in 2022 amid regulatory scrutiny.