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Y Combinator completes funding with stablecoin for the first time, pays $500k USDC to prediction market startup Totalis
Mars Finance News, April 14 — According to The Block, the well-known startup accelerator Y Combinator has completed its first fully stablecoin investment, paying $500k USDC to the prediction market startup Totalis through three on-chain transactions on the Solana network, with assets held on the financial operations platform Ramp. Y Combinator CEO Garry Tan stated that the accelerator will open stablecoin payment options to all YC-supported startups, not limited to crypto-related companies. Totalis plans to use Ramp to execute both stablecoin and fiat transactions simultaneously and to pay credit card bills using stablecoin accounts.