Startups accepted into Y Combinator will soon have the option to receive their seed funding via stablecoins. This news comes from YC partner Nemil Dalal.
The famous YC standard deal invests $500,000 in accepted startups in exchange for seven percent equity. That deal is now moving to the blockchain, specifically Base, Solana, and Ethereum, beginning with the upcoming spring batch.
Dalal explained that stablecoin transfers can be more effective, particularly for founders operating in emerging markets. This move also represents YC putting its money where its mouth is. Last fall, YC partnered with Base and Coinbase Ventures to encourage founders to build more blockchain-related companies.
Interest in blockchain technology is rising again in Silicon Valley. This resurgence coincides with steps in the United States toward more formal and crypto-friendly regulation for the industry.