Meta is paying creators in Stablecoins. Spending them is someone else's problem
Meta’s decision to pay creators in USDC validates stablecoins as a mainstream disbursement tool, Joslyn suggests, but it also exposes the industry’s unresolved problem: moving seamlessly from digital dollars to usable local currency.
AI Summary
Meta is paying creators in USDC stablecoins, validating them as a mainstream disbursement tool, but the real challenge remains converting those digital dollars into usable local currency. While cross-border settlement is near-instant and low-cost, creators in emerging markets still face friction in managing custody and converting USDC to spend locally. The article argues that the next phase of payments competition will be determined by how well stablecoins integrate into local consumer financial systems.