After a four-year pause, Meta is back in the stablecoin game. The social media giant, led by Mark Zuckerberg, has started rolling out digital currency payouts for selected creators in Colombia and the Philippines. These payments are made using $USDC on the Solana and Polygon blockchains, as outlined on Meta’s official webpage.
How creators can get paid
To receive payouts, creators need to link a compatible crypto wallet—such as MetaMask, Phantom, or Binance—to their Facebook payout account. The wallet must support $USDC on either Solana or Polygon. Meta doesn’t offer a direct way to convert these funds into local cash. So if creators want to withdraw money, they have to move their $USDC to a third-party exchange, trade it for local currency, and then transfer it to a bank account. That process incurs exchange fees, which vary by platform.
Tax reporting and compliance
Stripe is handling the crypto-specific tax reporting for these payouts, alongside Meta’s standard forms. This means creators will get the necessary documents for tax season, though the exact details of how crypto gains are reported can get complicated. I wouldn’t be surprised if some creators need to consult a tax professional familiar with digital assets.
A developing story
This is still a developing situation. Meta hasn’t announced if or when the program will expand to other countries. But it’s a notable step for the company, which had largely stayed away from crypto since its Libra project faced regulatory pushback years ago. Now, with the stablecoin market maturing and regulatory frameworks becoming clearer in some regions, Meta seems ready to dip its toes back in.
We’ll keep an eye on this and update as more details emerge. If you spot a similar story elsewhere, feel free to send us a link—it helps us see the bigger picture and understand how different outlets are covering this shift.
