Startups accepted into Y Combinator will soon have the option to receive their seed funding through stablecoins. This information comes from YC partner Nemil Dalal.
Y Combinator’s standard deal invests five hundred thousand dollars into accepted startups in exchange for seven percent equity. That deal will now be available on the blockchain, specifically on Base, Solana, and Ethereum, beginning with the upcoming spring batch.
Dalal noted that stablecoin transfers can be more effective, particularly for founders operating in emerging markets. This move also aligns with Y Combinator’s recent initiatives. Last fall, YC partnered with Base and Coinbase Ventures to encourage more founders to build blockchain-related companies.
Interest in blockchain technology is increasing again in Silicon Valley. This resurgence coincides with steps taken in the United States toward more formal and crypto-friendly industry regulation.