All startups accepted into Y Combinator (YC) will soon have the option to receive their seed funding through stablecoins, as stated by YC partner Nemil Dalal in an interview with The Block.
YC’s renowned “standard deal” involves an investment of $500,000 in exchange for a 7% equity stake in the startups that join its program. This deal will now be facilitated through blockchain technologies, including Base, Solana, and Ethereum, beginning with the upcoming spring batch.
Dalal highlighted that stablecoin transactions are particularly advantageous for founders operating in emerging markets. Additionally, YC is demonstrating its commitment to this innovation; last fall, they formed a partnership with Base and Coinbase Ventures to incentivize founders to develop more blockchain-focused enterprises.
Interest in blockchain technology is resurging in Silicon Valley, coinciding with recent efforts by the U.S. government to establish more formal, crypto-friendly regulations for the industry.
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