Y Combinator (YC), one of the world’s largest startup accelerator companies, wants to invest in stablecoin finance.
Y Combinator added to the list of areas it plans to invest in. stablecoin finance he also added.
Brad Flora, one of YC’s group partners, “We would love to fund great teams developing stablecoin-based B2B and consumer products, tools and platforms that enable stablecoin finance, and direct stablecoin protocols.” said.
Flora pointed out that PayPal started to develop its own stablecoin and some banks provide custody services for stablecoins. “The function (of stablecoins) is so obvious that traditional finance is unlikely to pursue it. inevitable “It seems.” said.
YC, total value of the stablecoin market to 136 billion dollars Even though it has risen to the level of there are so many opportunities he thinks. Although many stablecoins have been minted, so far only about stablecoin of seven million people used and in the industry very few issuers It was stated that.