Meta launches USDC payouts in Colombia and Philippines, raises AI capex
Meta has begun USDC stablecoin payouts to select creators in Colombia and the Philippines via Solana and Polygon wallets, integrating Stripe for crypto tax reporting. The company also raised its capital expenditure forecast to fund AI-driven projects, contributing to a nearly 10% rally in Asia’s tech sector despite war-related headwinds.
1. Meta initiates USDC stablecoin payouts
Meta has rolled out stablecoin payments in USDC to a select group of creators in Colombia and the Philippines. Participants must link Solana or Polygon wallets and will rely on external platforms for fiat conversion, while Stripe manages crypto-related tax reporting requirements.
2. AI-driven capital expenditure lift fuels Asia tech rally
Meta increased its capital expenditure outlook as part of a broader AI investment push, joining peers like Alphabet in boosting capex forecasts. This commitment has underpinned an almost 10% rise in Asia’s tech index, even as other sectors face pressures from war-related energy costs and supply-chain disruptions.