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08/20 12:02

Elon Musk’s X explores stablecoins for creator pay

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Elon Musk’s X explores stablecoins for creator payouts: Report Elon Musk-owned social platform X is discussing the use of stablecoins like $USDC to pay influencers and other content providers, CoinDesk reported Thursday, citing a person familiar with the discussion. Talks are ongoing, and X isn’t alone. Its peers are also testing stablecoins as a way to pay influencers and content creators, according to the source. Mark Zuckerberg’s Meta has begun paying select creators in $USDC on Solana and Polygon, reviving its stablecoin push after the collapse of its Libra/Diem project. Advertisement The report comes as X changes how it compensates creators. The platform recently said it would phase out its existing Revenue Sharing program and replace it with the Original Content Rewards Program, which aims to reward users who contribute original ideas, expertise, reporting, creativity and commentary.
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