X Eyes Stablecoins for Creator Payments Amid Expansion Plans
X, the platform founded by Elon Musk, is exploring the use of stablecoins to pay creators. This move would change how rewards are sent to its global creator base and bring crypto payments closer to Musk's vision for X as an 'everything app'.
The company is reportedly considering Circle's USDC (USD Coin) among other options for stablecoin payments.
X has a global creator base, making traditional bank payments harder and more costly. Stablecoins could allow the platform to send smaller payments faster and across borders without relying on local banking systems.