GigaStar Embraces Crypto: USDC Now Accepted

GigaStar, a startup connecting YouTube Creators with Investors, now offers USDC cryptocurrency as a payment option on its crowdfunding platform, GigaStar Market.

Key Takeaways:

• GigaStar integrates USDC payments to meet Investor demand
• Partnership with Cybrid expands payment options for Investors
• GigaStar Market has raised $4.2M for Creators with 20,600+ Investor accounts

GigaStar, a platform bridging the gap between YouTube Creators and Investors, has announced the integration of USD Coin (USDC) as a payment option on its crowdfunding platform, GigaStar Market. This move comes as a response to growing Investor demand for cryptocurrency payment options in the digital content space.

By partnering with Cybrid, a digital payment technology provider, GigaStar has expanded its payment method options to include crypto onramp/offramp capabilities for USDC. This stablecoin, pegged 1:1 with the U.S. dollar, joins existing payment methods such as credit cards and Automated Clearing House (ACH) transfers.

Victor Glava, GigaStar's CTO, emphasized the importance of this addition, stating, "Enhancing the Investor experience supports our vision of a dynamic investment ecosystem." The collaboration with Cybrid aims to unlock new opportunities for Investors to participate in the Creator Economy.

Initially, the USDC payment option will be available to U.S. and Canadian Investors, with plans to expand to additional countries in the coming months. This development aligns with the growing trend of cryptocurrency adoption in various sectors, including content creation and investment.

GigaStar Market, an SEC-registered funding portal, has already made significant strides in the Creator-Investor space. The platform has launched 26 YouTube channel offerings, raising $4.2 million for Creators and attracting over 20,600 Investor accounts. To date, GigaStar has distributed more than $504,000 in revenue to Investors.

While this new payment option opens up exciting possibilities, it's important to note that investment offerings on the platform are speculative and illiquid, involving risks such as potential loss of the entire investment. Additionally, stablecoins like USDC come with their own set of risks, including the possibility of depegging from their reference price and cybersecurity threats.

As the crypto and content creation industries continue to evolve, GigaStar's integration of USDC payments represents a significant step towards merging traditional investment models with emerging digital currencies. This move could potentially attract more crypto-savvy investors to the platform, further fueling the growth of the Creator Economy.