X Eyes USDC Creator Payments as Musk Pushes Platform Deeper Into Finance

Elon Musk’s X is exploring offering creators stablecoin payments, another possible intersection of social media and blockchain-based finance that may emerge while the platform looks to overhaul its monetization program.

CoinDesk reported that X was considering using stablecoins to pay creators and others posting on the platform, including Circle’s USDC, which is pegged at a 1:1 ratio to the US dollar; however, a final form for the payouts has yet to be determined.

The company has not indicated when or to which supported blockchain networks or countries the crypto payouts will be available.

USDC could also allow X to offer a single, dollar-denominated settlement solution across markets, rather than a patchwork of different domestic banking networks, interchanging value on public blockchains.