X Ponders Using Stablecoins for Content Creator Payments

Elon Musk's social media platform X is exploring the use of stablecoins for payments to content creators. According to sources, X is in talks to pay content creators in stablecoins, primarily USDC, for their contributions to the platform.

This move could enable content creators worldwide to receive payments more quickly and digitally. Experts believe that the use of stablecoins, especially in cross-border payments, provides an alternative to traditional payment systems.

X's interest in stablecoin payments is reportedly driven by the ability of these digital currencies to facilitate fast and low-cost cross-border transactions. SpaceX, another company owned by Elon Musk, uses stablecoins for some cross-border Starlink payments in certain countries.