Audius Lets Artists Get Paid in USDC Stablecoin, Ending Its Private Beta Phase

Artists on Audius now have full control over their pricing, enabling fans to pay them directly using their credit cards in USDC.

Music streaming platform Audius has announced a significant development, allowing artists to be paid directly in stablecoin, specifically USD Coin (USDC). This announcement marks the end of Audius’ private beta phase, which began in November.

With this integration, fans can now pay artists directly on Audius using their credit cards in USDC. This provides greater flexibility for musicians, who can convert their earnings into any currency they choose.

Interestingly, a portion of each payment, amounting to 10%, will be directed to the Audius community treasury. This creates a novel revenue-sharing model, where users have a say in how funds are allocated through governance decisions.

Raymond Jacobson, CTO at Audius, expressed optimism about the platform's capabilities, stating that "For any content that can be purchased on Audius, (price listed in $USDC), you can use any token to buy. Try $SOL… $BONK … $WIF … $POPCAT … $W … $JUP … $MOTHER … even $AUDIO."

The platform has already seen participation from independent labels such as DistroKid, EMPIRE, and Ninja Tune, enabling their artists to leverage Audius' unique offerings. Moreover, Audius has secured licensing deals with major rights organizations like Kobalt, ASCAP, BMI, and SESAC, further cementing its presence in the music industry.

Rumburg, the founder of Audius, previously outlined his vision for a decentralized music industry that incorporates AI and community engagement. As Audius continues to expand, it challenges established giants such as Spotify and Apple Music, ultimately fostering a future in music streaming that prioritizes artists.

This development also aligns with the broader trend of Web3 integration into various platforms, offering new possibilities for content creators and their audiences.