Meta has reentered the stablecoin payments sector nearly four years after abandoning its earlier cryptocurrency initiative. The company recently introduced stablecoin payout support for a limited group of creators in Colombia and the Philippines, according to updates published on its website. The rollout marks Meta’s latest attempt to integrate blockchain-based financial services into its ecosystem following the collapse of its Libra project, later renamed Diem, in 2022.
The newly introduced payout system operates on the Solana Foundation and Polygon Labs blockchain networks and uses the stablecoin USDC. Eligible creators who choose the option are reportedly required to provide a third-party cryptocurrency wallet address through Facebook’s payout infrastructure. Meta clarified that it would not directly provide services for converting USDC into local fiat currencies.
The company also partnered with Stripe to support certain crypto-related tax reporting functions connected to the stablecoin payment system. A Meta spokesperson reportedly explained that the company continues exploring payment technologies that could improve flexibility and user accessibility, adding that stablecoins are being evaluated as part of its broader payment options strategy.
Stablecoin Expansion Gains Momentum
The rollout reflects Meta’s renewed interest in blockchain-based finance amid a more supportive regulatory climate in the United States. Reports previously indicated that the company restarted internal discussions around stablecoins last year as digital asset regulations became clearer under the administration of President Donald Trump. Earlier this year, Meta was also said to have sought external assistance related to stablecoin infrastructure development.
Meta has launched USDC-based payout services for select creators using the Solana and Polygon blockchain networks, signaling a renewed push into blockchain-powered payments.
Executives connected to the participating blockchain ecosystems welcomed the development. Polygon Labs CEO Marc Boiron reportedly stated that blockchain infrastructure was becoming increasingly important for marketplace payments and suggested that Meta’s payout initiative could eventually expand to more than 160 countries before the end of the year.
Meanwhile, Solana Foundation’s head of product, Catherine Gu, reportedly described Solana as an increasingly preferred blockchain for large-scale internet payment systems, highlighting the network’s growing role in digital financial infrastructure.
Source: https://t.co/Se7YCVsdhW
— Solana (@solana) April 29, 2026
Big Tech Accelerates Stablecoin Adoption
Meta’s return to stablecoins comes during a period of rapid adoption across the broader technology and payments industries. Since early last year, several major technology companies, including Airbnb, Apple, Google, and X Corp., have reportedly explored stablecoin integration for payment systems and financial services.
The movement gained additional momentum after the passage of the GENIUS Act in 2025, which established a regulatory framework for dollar-backed stablecoins in the United States. Since then, several corporations have moved beyond exploratory discussions and started implementing blockchain-based payment features.
The growing regulatory clarity surrounding stablecoins has encouraged major technology and financial companies to accelerate blockchain payment integration initiatives.
Among recent developments, Shopify began enabling merchants to accept USDC payments, while Western Union announced plans to introduce a stablecoin product on the Solana blockchain. Additionally, DoorDash and blockchain payments startup Tempo reportedly started collaborating on stablecoin payment options for delivery drivers.
From Libra Failure to Renewed Optimism
Meta’s earlier crypto initiative, Libra, was first introduced in 2019 as an ambitious global stablecoin project backed by technology, venture capital, and payment companies. The platform was intended to serve billions of users worldwide, including individuals with limited access to traditional financial services. However, the initiative faced immediate scrutiny from regulators and lawmakers concerned about financial stability, monetary control, and consumer protection.
The project was eventually shut down in 2022 as Meta shifted significant resources toward metaverse development efforts. Despite that setback, the environment surrounding digital assets appears substantially different today.
The stablecoin market has expanded dramatically since Meta abandoned Libra, creating a more favorable environment for the company’s renewed blockchain payment ambitions.