TechFlow reports that on April 30, according to Fortune, Meta has quietly launched its stablecoin payment functionality, offering select creators in Colombia and the Philippines the ability to receive payments in USDC. The service supports the Solana and Polygon networks; creators can enter third-party wallet addresses into Facebook’s payout platform to withdraw funds. Meta does not provide USDC-to-local-fiat conversion services and has partnered with Stripe to handle related tax filings.
According to Marc Boiron, CEO of Polygon Labs, this initiative is expected to expand to over 160 countries by year-end. This launch comes more than four years after Meta’s Libra project—later renamed Diem—was discontinued in 2022.
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