Meta Revives Crypto Payments with USDC Creator Payouts on Solana and Polygon

Meta has reentered the digital asset payments space, launching stablecoin payouts for select creators in Colombia and the Philippines using USDC on the Solana and Polygon networks. The move marks the company’s first direct stablecoin integration since abandoning its high-profile Libra/Diem project in 2022.

According to an update on Meta’s website, eligible creators can now receive payouts by linking a third-party crypto wallet address through Facebook’s payout platform. Meta clarified that it will not provide fiat conversion services, meaning users must independently convert USDC into local currencies if needed.

A Meta spokesperson told Fortune the company is exploring stablecoins as part of a broader effort to expand payment options. “We strive to offer the most relevant payment methods, which is why we are exploring how stablecoins could become part of our suite of options.”

Meta has also partnered with Stripe to support certain crypto-related tax reporting functions tied to the payouts.

Return to Stablecoins After Libra Setback

The rollout signals a notable shift for Meta, which faced intense political and regulatory backlash when it launched Libra in 2019. The project—later rebranded as Diem—was positioned as a global payments network backed by a consortium of technology, payments, and venture capital firms. However, opposition from U.S. lawmakers and regulators ultimately forced the initiative to shut down in 2022.

Since then, the regulatory climate for stablecoins has improved significantly. Following the passage of the GENIUS Act in 2025, the United States introduced a clearer legal framework for dollar-backed stablecoins, encouraging large corporations to revisit blockchain-based payment systems.

Global stablecoin transaction volumes and enterprise interest have accelerated as clearer compliance rules emerge and cross-border settlement demand rises.

Solana and Polygon Positioned as Payment Rails

Meta’s decision to use both Solana and Polygon reflects growing competition among blockchain networks to become preferred infrastructure for mainstream payments.

Polygon Labs CEO Marc Boiron told Fortune that Meta’s creator payout program is expected to expand to more than 160 countries by year-end, describing blockchain rails as the future of marketplace payments.

Meanwhile, Solana Foundation’s Head of Product Catherine Gu said Solana has become a leading network for “internet-scale payments,” reinforcing the chain’s positioning in high-speed, low-cost settlement use cases.

Corporate Stablecoin Race Intensifies

Meta joins a growing list of major firms integrating stablecoins into commerce and payroll systems. Recent industry developments include:

• Shopify enabling merchants to accept USDC payments.

• Western Union announcing plans for a stablecoin product on Solana.

• DoorDash working with blockchain startup Tempo to explore stablecoin payouts for drivers.

• Large technology firms including Airbnb, X, Apple, and Google reportedly evaluating stablecoin use cases.

Meta’s latest move suggests that, rather than issuing its own currency, the company is now taking a more pragmatic route by leveraging regulated third-party stablecoins and existing blockchain networks.

With the stablecoin market now vastly larger than when Libra was first introduced, Meta appears to be reentering the sector under far more favorable market and policy conditions.