All startups accepted into YC will quickly have the choice to receive their seed checks by way of stablecoins, crypto YC companion Nemil Dalal instructed The Block.
YC’s well-known “standard deal” is that it invests $500,000 into startups accepted into its program in trade for 7% of their firms. Now that deal is hitting the blockchain (Base, Solana, and Ethereum, to be actual), beginning with the upcoming spring batch.
Dalal stated that stablecoin transfers are sometimes simpler, particularly for founders working in rising markets. But additionally, YC is placing its cash the place its mouth is, so to talk. Last fall, YC partnered with Base and Coinbase Ventures to encourage founders to construct extra blockchain-related firms.
Interest in blockchain tech is on the rise once more in Silicon Valley because the U.S. has taken steps towards extra formal, crypto-friendly regulation of the trade.