#ChainCatcher reports that Y Combinator has completed an investment exclusively in stablecoins for the first time, transferring 500,000 US dollars in USDC to the startup in the forecasting market Totalis via Solana in three transactions: a test payment of 1 dollar, 124,999 dollars, and 375,000 dollars. The funds are held by the financial operating platform Ramp. President of Y Combinator, Garry Tan, stated on X that USDC will provide the ability to pay with stablecoins to all startups that US has invested in, regardless of whether they are related to cryptocurrency, and added that the new path of financial revolution will not be built on ACH or bank transfers.
Previously, cryptocurrency investment partner at Y Combinator, Nimit Dalal, noted that the cost of transferring stablecoins is usually less than 1 cent and the deposit time is less than one second, which far exceeds traditional international bank transfers.
$USDC $SOL