Meta Launches Stablecoin Payouts In Colombia And The Philippines

Meta has begun rolling out stablecoin payouts for creators, marking the social media giant's return to digital currencies four years after shelving its Libra project.

According to a Meta help page, creators in Colombia and the Philippines can now opt to receive payouts in $USDC on either the Solana or Polygon networks. Recipients must connect a compatible third-party wallet, such as MetaMask or Phantom, to their Facebook payout account.

“With off-ramps in 150+ countries, our Open Money Stack expands financial access and improves how creators receive and use earnings globally,” the Polygon team wrote on X.

Stripe is handling crypto-specific tax reporting alongside Meta's standard forms. Meta is not offering an off-ramp, meaning creators who want to cash out into local currency must move their $USDC to a third-party exchange.

Post-Libra Revival

The launch lands four years after Meta wound down Diem, the rebranded version of its Libra global stablecoin project, following sustained opposition from U.S. and European regulators. The Diem Association sold its assets to Silvergate Capital for around $182 million in early 2022.

Meta's quiet return follows the 2025 passage of the GENIUS Act, which established the first U.S. federal framework for dollar-backed stablecoins and unlocked a wave of consumer-firm integrations.

Shopify began allowing merchants to accept $USDC payments, Western Union announced plans to launch its USDPT stablecoin on Solana next month, and DoorDash partnered with Tempo, the Stripe-incubated stablecoin chain, to pay merchants and Dashers across more than 40 countries.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.