Startups accepted by YC will soon have the opportunity to opt for stablecoin seed checks, as revealed by crypto YC partner Nemil Dala in an interview with The Block.
The renowned YC “standard deal” involves a $500,000 investment in exchange for a 7% stake in accepted startups. This traditional deal is now transitioning to the blockchain realm, specifically on Base, Solana, and Ethereum, beginning with the upcoming spring batch.
Dala highlighted the efficiency of stablecoin transfers, especially for founders operating in emerging markets. Additionally, YC is demonstrating its commitment to blockchain by partnering with Base and Coinbase Ventures to promote the development of blockchain-related startups.
Silicon Valley’s interest in blockchain technology is resurging, coinciding with the US government’s steps towards formal regulation and crypto-friendly policies for the industry.
