🚨 BREAKING: X Explores Stablecoins for Creator Payments
Elon Musk's X is reportedly in discussions to pay content creators using stablecoins such as Circle's USDC, according to a person familiar with the matter cited by Bloomberg.
The move comes as X phases out its long-running Revenue Sharing program in favor of a new Original Content Rewards Program, aimed at compensating creators for original ideas, reporting and commentary.
Context: SpaceX's Starlink already uses stablecoins for cross-border payments, and X has been building out X Money, its in-app payments system. Binance founder Changpeng Zhao said in June he'd discussed a potential Binance partnership for X Money with Musk, though Musk indicated the platform was staying away from crypto at the time.
⚠️ Talks are ongoing , X has not made an official statement confirming stablecoin adoption.
#dyor #NFA✅
Elon Musk's X is reportedly in discussions to pay content creators using stablecoins such as Circle's USDC, according to a person familiar with the matter cited by Bloomberg.
The move comes as X phases out its long-running Revenue Sharing program in favor of a new Original Content Rewards Program, aimed at compensating creators for original ideas, reporting and commentary.
Context: SpaceX's Starlink already uses stablecoins for cross-border payments, and X has been building out X Money, its in-app payments system. Binance founder Changpeng Zhao said in June he'd discussed a potential Binance partnership for X Money with Musk, though Musk indicated the platform was staying away from crypto at the time.
⚠️ Talks are ongoing , X has not made an official statement confirming stablecoin adoption.
#dyor #NFA✅