Meta Launches USDC Creator Payouts on Solana and Polygon via Stripe
6 hours ago
- #stablecoin
- #crypto-payments
- #creator-economy
- Meta has launched USDC creator payouts on Solana and Polygon networks, initially targeting creators in Colombia and the Philippines before expanding globally.
- The rollout leverages the GENIUS Act for regulatory clarity, uses Circle for dollar reserves and Stripe for tax compliance, avoiding proprietary stablecoins and issuer risk.
- Potential annualized USDC flow could reach $150 million if 5% of Meta's $2.9 billion creator payout pool moves on-chain, positioning Meta as a major stablecoin payment entity.
- Stripe's $1.1 billion acquisition of Bridge in 2024 is validated through its infrastructure handling crypto tax reporting and settlements within Meta's system.
- Solana and Polygon were chosen over Ethereum due to lower transaction costs, making small payouts economical, while creators retain chain choice.