According to a Meta help page, the social media giant has begun rolling out stablecoin payouts for creators in Colombia and the Philippines. Creators can now opt to receive earnings in USDC on either the Solana or Polygon networks by connecting a compatible third-party wallet such as MetaMask or Phantom to their Facebook payout account. Stripe is handling crypto-specific tax reporting, though Meta is not offering an off-ramp, requiring creators who wish to convert to local currency to use third-party exchanges.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana co-founder Toly: Alpenglow’s major upgrade will go live in the fastest timeline in the next quarter
According to coverage of the Consensus Miami 2026 conference held on May 6, Solana co-founder Anatoly Yakovenko (Toly) said during a fireside discussion that the Solana network’s major upgrade “Alpenglow” is expected to be released this year, with the earliest possible rollout in the next quarter.
MarketWhisper34m ago
Privy Launches Digital Asset Accounts for Developers on Solana
According to Foresight News, Privy announced the launch of Digital Asset Accounts for developers on Solana during the Solana Accelerate USA conference. The feature enables developers building fintech, trading, or consumer applications to manage user balances, custody, and on-chain operations
GateNews47m ago
Solana and Google Cloud launch Pay.sh, AI agents can pay with stablecoins
According to Decrypt’s report on May 6, the Solana Foundation partnered with Google Cloud to launch the Pay.sh service, allowing AI agents to pay for on-demand API access costs using stablecoins on Solana, without traditional accounts or subscriptions; for each API call, agents only need to pay a fraction of a cent, with no minimum spend requirement.
MarketWhisper49m ago
Anchorage Digital Launches Cashless Stablecoin Reserve Model on Solana
According to official announcement on May 6, Anchorage Digital, a federally chartered digital asset bank, plans to launch a Cashless stablecoin reserve model on Solana to improve liquidity, capital efficiency, and security for large-scale institutional stablecoin issuers. The model will hold reserve
GateNews1h ago
Solana Weekly Active Addresses Drop 42% From February Peak, Social Sentiment Hits January High
According to Santiment data cited by Cointelegraph, Solana's weekly active addresses have declined from 5.01 million in February to 2.89 million, a 42% drop. Despite the decline in on-chain activity, social media sentiment toward SOL has reached its highest level since
GateNews1h ago
SoFi Launches Stablecoin on Solana for Speed and Cost
SoFi Technologies announced it will begin issuing its stablecoin, SoFiUSD, on the Solana blockchain, citing the network's cost efficiency, settlement speed, and throughput capabilities. Ben Reynolds, SoFi's head of big business banking, said on Tuesday: "We think it is the right chain to use for
CryptoFrontier1h ago
