cryptobriefing.com
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.