Meta initiates USDC payments for creators on Solana and Polygon networks
Here's what it means for you.
Meta's new payment initiative could reshape how creators receive earnings in the digital economy.
What happened
Meta has started paying creators in USDC stablecoin using the Solana and Polygon networks.
The Context
- Meta's previous attempt at a stablecoin, Libra, was shut down due to regulatory challenges.
- The new payment system utilizes Stripe for processing transactions.
- This initiative represents Meta's first foray into crypto payouts since the Libra project.
Takeaway
Meta's adoption of USDC for creator payments could signal a broader trend of mainstream companies embracing blockchain technology.
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