U.S. big tech companies are stepping up their efforts to introduce stablecoins.Following Google, whi.. – 매일경제

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U.S. big tech companies are stepping up their efforts to introduce stablecoins.
Following Google, which allowed YouTube creators to settle stablecoins since last year, Meta Platforms (formerly Facebook) has recently joined the company.
According to Meta on the 29th (local time), it has recently started allowing settlements through USDC, a dollar stablecoin, starting with some national creators.
Creators who participated in this can receive settlement to USDC through Solana and the Polygon chain.
Meta partnered with Stripe to create a stablecoin settlement service. The two companies planned the service so that there is no problem with tax processing even if the payment is received through USDC.
“Now companies can settle stablecoins through links,” said Stripe’s Jay Shah Link head. “Stripe has already joined hands with Meta to settle stablecoins to creators who have link wallets, starting with some countries such as the Philippines and Colombia.”
Prior to Meta, Google began offering stablecoin settlements to YouTube creators late last year.
Google, in partnership with PayPal, has allowed creators to be settled with Paypal’s dollar stablecoin, PYUSD.
Google has started offering stablecoin settlement services to U.S. creators.
As U.S. big tech companies adopt stablecoins as a means of settlement, expectations are growing that related markets can grow rapidly.
This is because the number of users and the amount of costs paid by big tech companies are very large.
In fact, Meta has more than 3 billion users. This is equivalent to about 37% of the world’s population.
YouTube has paid $100 billion for the settlement of creators over the past four years. This amounts to about 148 trillion won in Korean won.
The reason why Big Tech is interested in stablecoin settlement is that the fee is cheaper than the existing overseas remittance method. In addition, if dollar stablecoins are used like Meta and Google, there is less instability due to exchange rates.
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