Elon Musk’s social media platform X is evaluating the option of using stablecoins for payments to content creators. According to CoinDesk, citing sources, X is in talks to pay content creator
Elon Musk’s social media platform X is evaluating the option of using stablecoins for payments to content creators.
According to CoinDesk, citing sources, X is in talks to pay content creators for their content on the platform in stablecoins, primarily USDC.
According to a source close to the matter, discussions are still ongoing and no details have been released regarding whether the plan will be accepted or when it might be implemented.
If the plan is implemented, X could enable content creators worldwide to receive payments more quickly and digitally. Experts believe that the use of stablecoins, especially in cross-border payments, could provide an alternative to traditional payment systems.
In this context, the article states that the ability of stablecoins to be used for fast and low-cost cross-border payments is one of the main reasons for X’s interest.
The report also mentions that SpaceX, another company owned by Elon Musk, uses stablecoins in some countries for cross-border Starlink payments.
In conclusion, the company’s plan regarding stablecoin payments is not yet finalized. However, X’s consideration of using digital dollars like USDC for content creator payments is seen as a new signal that the use of stablecoins in everyday digital payments may expand.
*This is not investment advice.
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