Meta officially launches USDC stablecoin payouts for creators via Solana, Polygon

After a four‑year gap, Meta has reentered the stablecoin market. Mark Zuckerberg’s social‑media empire has begun rolling out digital currency payouts for select creators in Colombia and the Philippines, using USDC on the Solana and Polygon networks, according to information on its webpage.

To receive payouts, creators must connect a compatible crypto wallet, such as MetaMask, Phantom or Binance, to their Facebook payout account, ensuring it supports USDC on either Solana or Polygon.

Meta does not offer an off-ramp; creators wishing to cash out must transfer funds to a third-party exchange, trade USDC for local currency and withdraw to a bank account, with exchange fees applying.

Stripe handles crypto-specific tax reporting for payouts alongside Meta’s standard forms.

This is a developing story. Please check back for further updates.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.