Launch of stablecoin payments
Meta has rolled out USDC payment options for creators on Facebook and Instagram in Colombia and the Philippines, marking the first crypto payment initiative since Libra was shut down four years ago.
Integration of Solana and Polygon
Payments are processed via Stripe on Solana networks (transactions in 400 milliseconds, fees under 0.001 USD) and Polygon, while Meta will provide crypto-related tax documentation for recipients.
Potential impact on trading volume
With Meta planning to pay nearly $3 billion to creators by 2025, shifting a portion to stablecoin payments could bring significant trading volume to selected blockchain networks.
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