Y Combinator has announced that its funded startups can now opt to receive their $500,000 in funding in the form of USD Coin (USDC). The prominent startup accelerator believes that stablecoins are foundational to a "new fintech renaissance," enabling broader global access to financial services.

By offering funding in a globally accessible stablecoin, YC aims to streamline the process of sending and receiving money for its portfolio companies.
The move is the clearest signal yet that stablecoins have graduated from crypto niche to mainstream financial infrastructure.

This development is part of a larger Y Combinator initiative to encourage building onchain. The accelerator released a "Request for Startups" that details the types of onchain companies it is excited to fund, indicating a strategic focus on the digital asset space. The move is a significant endorsement of stablecoins as a reliable and efficient means of transaction for early-stage companies, potentially influencing how venture funding is distributed in the future. Founders can choose to receive the USDC on various blockchains, including Ethereum and Solana.

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