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Meta Picks Solana And Polygon For Creator Stablecoin Payouts

Meta Picks Solana And Polygon For Creator Stablecoin Payouts

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Meta has begun rolling out USDC payments to select creators in Colombia and the Philippines, marking the company’s most visible return to cryptocurrency payments since the collapse of Libra and Diem’s ​​ambitions. This feature uses Solana and Polygon as powered blockchain rails, placing two major public networks within the creator payment flow that is powered by Meta’s payment system.

According to Meta’s business help page, stablecoin payouts are currently only available to specific creators on the two markets. Creators who choose this option will be required to add a third-party cryptocurrency wallet address to Facebook’s payment platform, with payments made in USDC via Solana or Polygon, Fortune reported. Meta does not offer its own conversion service from USDC to the local currency, which means creators who want fiat currencies will need to rely on third-party wallets, exchanges, or payment services.

Meta transforms into Solana and Polygon

The proposition is narrow, but the signal is larger. Meta is not launching a new currency, it is not reviving Libra, and it is not trying to build a vertically controlled global financial network. Instead, the company is testing stablecoin payments through existing cryptocurrency infrastructure, using USDC and existing chains to move funds to creators in markets where cross-border payments can be slow, expensive, or operationally uneven.

A Meta spokesperson told Fortune that the company is “exploring how stablecoins can become part of our suite of options,” framing the move as an expansion of payment methods rather than a full-fledged crypto strategy. Stripe is also participating, with Fortune reporting that the payments company is working with Meta on the offering and that Meta’s page references Stripe for cryptocurrency tax reporting tied to payments.

For Solana, the integration gives the network another high-profile use case for payments at a time when stablecoins have become a central battleground for blockchain adoption. The official Solana account called out the news live on X: “Breaking: Meta adds support for USDC payments on Solana for creators in Colombia and the Philippines.”

This post was quickly amplified by Ecosystem Voices. “All the money in the world is going to move to Solana,” wrote Vibo Norby, chief product officer and interim CMO of the Solana Foundation. “You’re a little earlier than anyone else.”

Mert Mumtaz, CEO of Helius, framed the Meta offering as part of a broader group of stablecoins forming around Solana. “Meta just added stablecoin payments via solana! Altitude just launched a full stablecoin platform and banking on solana. Ramp also recently added solana support. And we have a solution cooking for privacy. It’s quietly becoming the best place for payments and stables.”

The inclusion of Polygon is equally notable. Mark Boiron, CEO of Polygon Labs, was quoted by Fortune magazine as saying that market payments are increasingly being built on blockchain infrastructure like Polygon, while adding that Meta’s stablecoin payments program is expected to expand to more than 160 countries by the end of the year.

The contrast with Libra is sharp. Meta’s previous stablecoin effort, later renamed Diem, was abandoned in 2022 after sustained regulatory resistance. This time, the company is not trying to issue a meta-controlled coin. It uses USDC, a widely deployed dollar-backed stablecoin, and routes payments through existing public blockchain networks rather than trying to define the monetary layer itself.

At press time, SOL was trading at $82.92.

Solana price chart
SOL should reclaim the 20-week moving average, monthly chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, a chart from TradingView.com

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