🚨 MASSIVE: Y Combinator, one of the world’s most influential startup accelerators, will let founders receive funding in $USDC payouts in $ETH or $SOL. https://t.co/A5M0avvK8c
🚨 MASSIVE: Y Combinator, one of the world’s most influential startup accelerators, will let founders receive funding in $USDC payouts in $ETH or $SOL. https://t.co/A5M0avvK8c
when u think about it, stablecoins are the simplest solution
yield? instant deposit on aave, no accounts, no paperwork
payments / salaries? instant, global, near zero fees
treasury management? programmable, transparent
easiness ftw
Today, Y Combinator is announcing that YC-funded startups can choose to receive their funding ($500k) in stablecoins.
We believe stablecoins like @usdc are setting the stage for a new fintech renaissance and broader global access to financial services. Sending money should be as easy as sending a text message. Stablecoins make that possible: cheap, fast, and global, using currencies people already trust.
Some of the fastest-growing YC startups in recent years like @get_aspora and @DolarApp use stablecoins to power faster, cheaper financial services across India and Latin America. Plus, with the passage of the GENIUS Act and growing adoption by financial institutions, we’re bullish.
Whether crypto-focused or not, we expect many YC startups to use crypto in some way, from payments to banking to capital raising.
If you’re building onchain, apply for our Spring ‘26 batch by Feb 9: https://t.co/97pXeahG7j
According to Fortune, Y Combinator announced that the accelerator will allow spring 2023 startup teams to receive financing in stablecoins (typically about $500,000). Entrepreneurs can choose to receive funds in USDC issued by Circle Internet Group on multiple blockchains, including Ethereum, Solana, and others. YC said it may expand to other stablecoin options in the future based on demand, and noted that stablecoins are one of its core focus areas.
https://t.co/uLsADADvqL
Solana 基金会表示,将为选择在 Solana 上构建的 Y Combinator 创业项目提供支持,向每个 YC 初创团队额外提供 5 万美元等值的 SOL,用于 Gas 费用及程序部署。
USD Coin is a stablecoin brought to customers by Circle and Coinbase. It is an open source, smart contract-based stablecoin. True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.