Y Combinator lists stablecoins as an area in which he would like to invest | CoinDesk JAPAN

• Silicon Valley incubator Y Combinator has included stablecoin financing in its latest Requests for Startups (RFS) list.
• The list is a Y Combinator tradition dating back to 2009, in which the incubator presents ideas it hopes to bring to fruition.

Silicon Valley incubator Y Combinator (YC) has listed stablecoin finance as an area it wants to put its newly updated funds into, according to its Requests for Startups (RFS) list released last week. ing.

RFS is a YC tradition of presenting ideas that incubators want to bring to fruition, dating back to 2009, YC said in a blog post. The list helps startups understand which areas YC wants to invest in.

“We are a great team building B2B and consumer products based on stablecoins, and the tools that enable stablecoin finance,” said Brad Flora, Group Partner at YC. We hope to fund the platform, as well as the stablecoin protocol itself.”

Citing PayPal's move to issue its own stablecoin and major banks starting to provide custody services, Flora said that the “usefulness of stablecoins is very easy to understand and traditional. It seems inevitable that global finance will follow suit.”

YC likened the future of stablecoins to digital music, explaining how digital music was born from an illegal file-sharing model.

To date, $136 billion (approximately 20.4 trillion yen, equivalent to 1 dollar = 150 yen) worth of stablecoins have been issued, but the opportunities in this field are “still enormous,” YC said. Despite the high value of issued tokens, only around 7 million people have transacted with stablecoins, and there are only a handful of major stablecoin issuers.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Shutterstock
｜Original text: Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Looks to Invest in Stablecoin Finance