Elevator Pitch
In a follow-up to its earlier stablecoin request, YC said conditions had improved, with rising volumes and better regulatory prospects. It wants stablecoin tools for businesses and developers.
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Full Description
This follows a stablecoin request YC posted at the start of the same year. YC said regulation had always been the black cloud over stablecoins, with several US efforts to pass rules failing, but that the outlook had become more promising and it expected sensible legislation soon.
When YC wrote this, it reported that stablecoin payment volumes had surged to over a fifth of Mastercard's volume, that almost 30% of global remittances ran through stablecoins, and that Visa was offering platforms for banks to issue their own. Stripe had also bought the stablecoin startup Bridge for $1 billion.
The ask: stablecoin startups, especially products that help businesses hold and manage stablecoins and services that make it easy for developers to integrate them.
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