Y Combinator (YC) has announced that startups participating in its programme can now opt to receive their funding, up to US$500,000, in stablecoins.

Startups are increasingly using stablecoins such as USDC to facilitate faster and cheaper financial transactions worldwide.

YC said these digital currencies allow broader access to financial services and enable payments with the ease and speed of a text message.

Several YC-funded startups, including Aspora and DolarApp, have already integrated stablecoins to support financial services across India and Latin America.

YC highlighted that regulatory developments, including the passage of the GENIUS Act, and increasing adoption by financial institutions are driving greater use of stablecoins among startups.

YC stated that many startups, whether crypto-focused or not, are likely to incorporate digital currencies for payments, banking, or capital raising.

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