YC startups can now get investment in stablecoins

All startups accepted into YC will soon have the option to receive their seed checks via stablecoins, YC Cryptocurrency Partner Nemil Dala said the block.

The famous YC “standard deal” It invests $500,000 in startups accepted into its program in exchange for 7% of its companies. Now that deal has arrived on the blockchain (Base, Solana, and Ethereum, specifically), starting with the next spring batch.

Stablecoin conversions are often more effective, especially for founders working in emerging markets, Dala said. But also, YC is putting its money where its mouth is, so to speak. Last fall, YC In partnership with Base and Coinbase Ventures to encourage founders to build more blockchain technology– Related companies.

Interest in blockchain technology is on the rise again in Silicon Valley and the United States I took steps towards More formal and crypto-friendly regulation for the industry.