Meta is currently exploring the possibility of using stablecoins for making payments to international creators, with the goal of reducing transfer fees and enhancing the efficiency of global transactions.
This initiative, which is still in its early stages, began with discussions involving various cryptocurrency firms earlier this year. The company believes that adopting stablecoins could significantly lower payment costs and facilitate smoother cross-border transactions.
Stablecoins, such as Tether (USDT) and Circle (USDC), are digital currencies that are pegged to real-world assets, which helps them maintain a stable value and makes them less susceptible to the volatility often seen in the broader cryptocurrency market.
By utilizing these stablecoins, Meta aims to eliminate expensive wire transfer fees while ensuring that creators receive consistent and reliable payouts.
Reports suggest that Meta might consider using these tokens for smaller payments—potentially around $100—on platforms like Instagram, which would be particularly beneficial for smaller creators.
