Y Combinator to Offer Seed Checks in Stablecoins
All startups accepted into YC will soon have the option to receive their seed checks via stablecoins, according to crypto YC partner Nemil Dalal in a recent interview with The Block.
YC’s well-known “standard deal” involves investing $500,000 into startups accepted into its program in exchange for 7% of their companies. This deal is now making its way onto the blockchain, specifically on Base, Solana, and Ethereum networks, starting with the upcoming spring batch.
Dalal highlighted that stablecoin transfers can be more efficient, especially for founders operating in emerging markets. YC is also backing its support for blockchain technology by implementing this new payment method. In the past, YC partnered with Base and Coinbase Ventures to encourage founders to build more blockchain-related companies.
With growing interest in blockchain technology in Silicon Valley, the U.S. government has started moving towards more formal and crypto-friendly regulation of the industry, signaling a resurgence of enthusiasm for blockchain projects.
