Meta is testing a new system that allows creators to receive payouts in stablecoins, starting with pilots in the Philippines and Colombia. Instead of waiting for bank transfers, creators can now receive their earnings in USD Coin, a digital currency tied to the value of the US dollar. The company says the move is aimed at making payments faster and more accessible in regions where traditional banking systems can be slow or expensive. 

The new system allows creators to link their crypto wallets to Meta’s payout platform. Once connected, payments are sent using blockchain networks like Solana and Polygon. These networks are known for being fast and low-cost, which helps reduce delays and fees. 

There is, however, an extra step. Meta does not yet provide a direct way to turn USDC into local currency. So creators still need to use external crypto exchanges to convert their earnings into cash they can spend. For experienced users, this may not be a problem, but for new users, it adds a bit of complexity. 

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Meta is not building this system alone. The rollout is supported by Stripe, whose payment infrastructure is helping power the stablecoin transfers. The rollout builds on broader infrastructure from Stripe, which has been expanding its support for stablecoin transactions globally. At its recent Sessions conference, Stripe said its Global Payouts system can now support transfers to more than 100 countries in fiat and over 160 countries in stablecoins—highlighting the scale Meta could eventually tap into as the pilot expands.  

Stablecoins like USDC are quickly becoming one of the most practical uses of crypto. Unlike Bitcoin or Ethereum, which can be very volatile, stablecoins are designed to stay close to a fixed value, usually the US dollar. This makes them more useful for everyday payments. 

Circle, the company behind USDC, has seen rapid growth in recent years. The stablecoin now holds tens of billions of dollars in circulation, making it one of the largest in the world, second only to Tether. 

This is not Meta’s first time exploring digital currency. Back in 2019, the company introduced a project called Libra, which was later renamed Diem. The idea was to create a global digital currency, but it faced strong resistance from regulators around the world. 

Concerns about privacy, financial stability, and market power eventually forced Meta to shut the project down in 2022. 

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