X Eyes USDC Stablecoins for Creator Payments in Rewards Overhaul
X, formerly known as Twitter, is considering using stablecoins like Circle's USDC to pay creators for their content. This move comes as the company revamps its rewards system, potentially replacing the Revenue Sharing program with Original Content Rewards starting September 8.
The use of stablecoins could simplify international payments by providing a dollar-linked digital token. However, details on wallet support and payment logistics remain unclear.
This decision aligns with new U.S. stablecoin regulations under the GENIUS Act, which sets standards for issuers and distributors. X has already launched financial services like X Money in the U.S., indicating a broader strategy to integrate social media with financial tools.