Circle Internet Group, Inc.X is in talks to use USDC for creator payments, increasing demand for Circle's stablecoin.
Elon Musk's X is in talks to use stablecoins such as Circle Internet's USDC to pay creators, according to a CoinDesk report citing sources familiar with the plan. The idea aligns with the Everything App goal and the X Money payment system under development, while Meta began paying some creator rewards in USDC on Solana and Polygon through Stripe in April and plans to expand to more than 160 countries by the end of this year. On-chain data shows XRP trading is active during banking hours, with the share of transactions on the XRP Ledger between 13:00 and 16:00 UTC jumping from 14% to 23%, according to analysis by Evernorth shared with CoinDesk.
Circle Internet Group, Inc.X is in talks to use USDC for creator payments, increasing demand for Circle's stablecoin.
Meta Platforms Inc.Meta is mentioned as already paying creators in USDC, but the news is about X's similar move, not Meta's own development.
Stripe is mentioned as the payment processor for Meta's USDC rewards, but the news focuses on X's plans, not Stripe's own business.