Meta Launches USDC Stablecoin Payouts in Colombia and Philippines on Solana and Polygon

USDC0.02%
SOL-1.74%

According to a Meta help page, the social media giant has begun rolling out stablecoin payouts for creators in Colombia and the Philippines. Creators can now opt to receive earnings in USDC on either the Solana or Polygon networks by connecting a compatible third-party wallet such as MetaMask or Phantom to their Facebook payout account. Stripe is handling crypto-specific tax reporting, though Meta is not offering an off-ramp, requiring creators who wish to convert to local currency to use third-party exchanges.

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