After a four‑year gap, Meta has reentered the stablecoin market. Mark Zuckerberg’s social‑media empire has begun rolling out digital currency payouts for select creators in Colombia and the Philippines, using USDC on the Solana and Polygon networks, according to information on its webpage.

To receive payouts, creators must connect a compatible crypto wallet, such as MetaMask, Kraken, Phantom or Binance, to their Facebook payout account, ensuring it supports USDC on either Solana or Polygon.

Meta does not offer an off-ramp; creators wishing to cash out must transfer funds to a third-party exchange, trade USDC for local currency and withdraw to a bank account, with exchange fees applying.

Stripe handles crypto-specific tax reporting for payouts alongside Meta’s standard forms.

The move follows Meta’s abandoned Libra (later Diem) project, which was shut down in 2022 after regulatory resistance. The company has since resumed exploring stablecoins amid improved regulatory conditions and renewed internal efforts.

Meta and Stripe have collaborated on both commerce and payouts. Last month, the programmable financial services company introduced a checkout system on Facebook that allows users to complete purchases in one click from advertisers including Fanatics and Quince.