MediaStablecoins

Twitter is to pilot cryptocurrency payouts for some of its monetised users.

US payments giant Stripe said the social media platform would be the first company to use its new feature, delivered via Ethereum scaling solution Polygon.

Users of Stripe’s app can now choose to receive payments in stablecoin USD (USDC) on the Polygon network.

Selected users of Twitter’s Ticketed Spaces and Super Follows programs will be given the option to cash out revenue through Polygon into USD via a number of Web3 wallets.

Once held in USDC, users will be able to exchange the value into any cryptocurrency they choose through the usual route of cryptocurrency exchanges.