stable coins

Story: Meta Rolls Out Stablecoin Payouts for Creators in Philippines and Colombia

By Sakamoto Nashi

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Second Try After Libra Collapsed. Meta's crypto story started back in 2019 with Libra.

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Why These Two Countries. The Philippines and Colombia aren't random picks. Both countries have growing digital economies…

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What Comes Next. Meta hasn't disclosed timeline for expanding beyond the Philippines and Colombia.

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Meta just started paying creators with stablecoins. Philippines and Colombia got picked first.

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The social media giant's new payout system wants to give creators a better way to get their money. Traditional banking gets bypassed here.

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Meta's crypto story started back in 2019 with Libra. That project faced massive regulatory pushback and got scrapped in 2022.

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The choice of stablecoins makes sense for Meta's goals. Creators want predictable payments. They don't want to check exchange rates every time they get paid.

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Meta hasn't said much about how it'll handle regulatory issues this time around. The company's being quiet on compliance strategy, probably because Libra got killed by regulatory…

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The Philippines and Colombia aren't random picks. Both countries have growing digital economies and large populations that use social media heavily.

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Meta's basically using these markets as a lab. If stablecoin payouts work well in the Philippines and Colombia, the company can expand to other regions.

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See also: GENIUS Act Blocks Stablecoin Yield Payments as FDIC Tightens Reserve Rules

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The focus on emerging markets also suggests Meta sees opportunities where traditional banking infrastructure isn't as developed.

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Creators in both countries will now have more control over their earnings. They can hold stablecoins, convert them to local currency, or use them for online purchases.

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Meta hasn't disclosed timeline for expanding beyond the Philippines and Colombia. The company's probably going to watch adoption rates, transaction volumes, and any regulatory…

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The stablecoin initiative fits into Meta's larger strategy of integrating financial services across its platforms.

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