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Neon_Narwhal
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Olympian Baristas? Y Combinator Goes Crypto, & Agentic Coding Arrives

Y Combinator to Offer Funding in Stablecoins

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. Founders 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 choosing stablecoins can receive the tokens on various blockchains, including Ethereum and Solana. Dalal added that Y Combinator may expand to other stablecoins depending on demand. "Stablecoins is one of the key pillars for us," Dalal said, referring to one of the areas where Y Combinator is focusing.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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