Share this article
Crypto Wallet Giddy Lets Polygon Users Pay Gas Fees in USDC
“Autogas will support even more tokens in the future,” the CEO of the wallet company said.
By Danny Nelson
Updated May 9, 2023, 4:09 a.m. Published Mar 2, 2023, 6:38 p.m.
DENVER — No MATIC? No problem.
Crypto wallet company Giddy is sidestepping the need for Polygon users to hold that blockchain’s native MATIC tokens in order to pay for their transactions to go through. On Thursday, the Salt Lake City startup said its wallet users can pay for gas using the USDC stablecoin instead.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The new feature called “autogas” doesn’t actually eliminate MATIC from the equation; Polygon’s sidechain still requires gas payment in MATIC, just as the Ethereum network needs ether. But it does take the onus for sourcing that MATIC away from the end-user by making the swap between USDC and MATIC behind-the-scenes.
“As long the user holds USDC, GIDDY, or MATIC in their wallet, they can swap or send tokens with no additional cost or hassle,” CEO Eric Parker said. He said Giddy will not take a cut of these gas swaps.
Giddy’s new feature speaks to the fight among crypto wallets for a share of new users – the type of people who don’t necessarily have MATIC on hand. MetaMask is the market leader in the Ethereum ecosystem with tens of millions of monthly active users, while Giddy boasts 100,000 total signups.
On Wednesday, 0x unveiled a transaction relay API that allows Polygon and Ethereum wallet uses to pay without holding the respective native gas token. Robinhood Markets is already signed up for the API, highlighting the growing competition for friction-free payment experiences.
“Autogas will support even more tokens in the future,” Parker said.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
