Y Combinator: Stablecoins will become an important part of the future of currency

ChainCatcher News, the well-known American startup incubator Y Combinator (YC) published a post listing the main investment categories of its venture capital investments, which include stablecoin projects. Y Combinator aims to fund outstanding teams to build B2B and consumer products based on stablecoins, tools, and platforms, thereby achieving stablecoin finance and a more stable coin protocol itself.

YC stated that there is much debate about the practicality of blockchain technology, but stablecoins will clearly become an important part of the future of currency. Currently, there are stablecoins issued with a total value of $136 billion in the market, but the opportunities seem far from fully tapped. So far, only about seven million people have engaged in stablecoin transactions, while over 500 million people live in countries with an annual inflation rate exceeding 30%. The total amount of customer deposits held by U.S. banks is $17 trillion, all of which are potential conversion targets. However, there are only a few major stablecoin issuers, and even fewer major liquidity providers.