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Y Combinator to Fund Startups with Stablecoins Amidst Broader Business and Economic Developments
Silicon Valley's prominent startup incubator, Y Combinator, announced on Tuesday that it will allow its spring cohort of entrepreneurs to receive funding in stablecoins, marking a significant step towards mainstream adoption of digital currencies, according to Fortune. Startups can opt to receive their customary allotment, typically around $500,000, in the Circle-issued USDC.
Nemil Dalal, a visiting partner at Y Combinator focusing on crypto, told Fortune that founders who choose stablecoins can receive the tokens on various blockchains such as Ethereum and Solana. Dalal added that Y Combinator may expand to other stablecoins depending on demand, emphasizing that "Stablecoins is one of the key pillars for us."
This move comes as business leaders are increasingly focused on broader social and economic realities. According to Fortune, seeing around corners is a core competency for any senior executive.
Meanwhile, in the energy sector, merger activity is making a comeback. Devon Energy announced it would acquire Coterra Energy for nearly $26 billion, creating a domestic oil and gas juggernaut, Fortune reported on Feb. 2. The all-stock merger of near equals creates the largest oil and gas producer in the western lobe of the booming Permian Basin, specifically the Delaware Basin in west Texas and south.
In other news, the Justice Department released more than 3 million files related to Jeffrey Epstein, according to NPR Politics on February 3, 2026.
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