Social media platform, X, is reportedly exploring the use of the USDC stablecoin to pay royalties to influencers and content creators, according to a person familiar with the discussions.
The talks are ongoing and no final decision has been made. X did not immediately respond to a request for comment.
REGULATION | X (Twitter) Acquires 7 Currency Transmitter Licences in the United States
The move comes as X revamps its creator compensation model replacing its Revenue Sharing programme with an Original Content Rewards Programme.
Stablecoin payments could offer X a faster and potentially cheaper way to make cross-border payouts to creators, particularly those outside traditional banking markets.
Musk’s SpaceX already uses stablecoins for some cross-border payments linked to its Starlink service.
African Neobank, Payday, Becomes Official Payment Processor for SpaceX Starlink in Rwanda
If adopted, stablecoin payouts could further extend crypto’s role from trading into everyday payments and creator economies.
STABLECOINS | YouTube Quietly Adds PayPal Stablecoin Payouts to Its $100 Billion Creator Economy
Stay tuned to BitKE on stablecoin developments globally.
Join our WhatsApp channel here.
Follow us on X for the latest posts and updates
Join and interact with our Telegram community
_______________
