Meta has introduced a stablecoin payment feature for select creators in Colombia and the Philippines, allowing them to receive earnings in USDC via Solana or Polygon networks. This service, supported by Stripe, enables creators to link their crypto wallets and receive income, while also generating tax documents related to earnings and digital asset transactions. This initiative marks Meta's renewed effort to establish a blockchain-based payment system following the termination of its Libra project, later renamed Diem, in 2022 due to regulatory challenges.
Meta Launches Stablecoin Payment Feature for Creators in Colombia and Philippines
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