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Y Combinator Allows Startups To Fund In Stablecoins
Stablecoin funding is becoming more and more regular these days, as YC encourages for participants to utilise instant stablecoin transfers.
Stablecoin funding in venture allows for interesting add-ons to co-exist, including the prospect of tokenisation of equity early on (Giorgio Trovato / Unsplash)
YC will enable startups for upcoming batches to accept stablecoins.
The reported story by Fortune hints at an improved outlook on choosing to integrate stablecoin funding in venture. Batch members will be able to select a stablecoin transfer from top stablecoins like USDC over popular networks such as Ethereum or Solana. Earning yield could be an option.
YC Partner Nemil Dalal briefly explained:
“Stablecoins is one of the key pillars for us. So we just want to live and breathe that as well.”
Effectively, this doesn't change much for the startup team in terms of initial value received, but rather enhances the speed and settlement finality. Given that YC's recent agenda has been fully focused on AI and stablecoins, it makes sense to also use the technology itself.
In some cases, it may also allow for the funder (in other venture programs and open funding structures) to track and release spending according to pre-established milestones (common especially in public grants) and using underlying smart contracts.
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