Stripe to Let Clients Make Payments in USDC Stablecoin via Polygon – Starting With Twitter

Twitter will be the first company to test this option by paying earnings via crypto to content creators who use its monetization products.

AccessTimeIconApr 22, 2022 at 1:00 p.m. UTC
Updated May 11, 2023 at 5:39 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Payments processor Stripe will use Ethereum scaling platform Polygon in a move that will enable Stripe’s customers to pay sellers, freelancers, content creators and service providers in crypto.

  • Initial payouts will be made using USDC stablecoins native to Polygon’s network and through Polygon-compatible wallets, according to a statement Friday.
  • Twitter (TWTR) will be the first company to try out the feature by allowing earnings to be paid out to content creators in crypto for users of the company’s monetization products such as “Ticketed Spaces” and “Super Follows.”
  • Stripe said it will add support for additional rails and payout currencies over time.
  • Crypto exchange FTX is using Stripe to build onboarding and identity verification features.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Author placeholder image

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.