If they aren’t a crypto startup where it’s normal to pay others in stable coins, what is the benefit?

verdverm 19 hours ago | parent | next [-]

Circular funding / money flows

YC -> Circle -> Coinbase -> YC

	▲	cobbal 15 hours ago \| parent [-]
		Ohhhh... So that's why it's called Y combinator.

nailer 18 hours ago | parent | prev | next [-]

Axium (YC W25) hit $100M revenue in 4-5 months, making it the fastest YC company to that milestone. Startups like that are important to YC.

How do they use stablecoins?

	▲	michaelt 15 hours ago \| parent [-]
		Axiom's pitch is "Trade memecoins, perpetuals, and earn yield" [1] so presumably they've hired a load of cryptocurrency-loving developers, and are eager to pay them in cryptocurrency. Of course, given that the grandparent said "If they aren’t a crypto startup" - Axiom clearly doesn't apply. [1] https://www.ycombinator.com/companies/axiom

Hyping crypto and "stable" coins

	▲	daveguy 19 hours ago \| parent [-]
		Yup. That's it. Because people are realizing crypto isn't worth the effort to support malware authors, money launderers, and North Korea's nuclear program. And if you didn't know that's what you're supporting with the hype train, well now you do. Those folks all love and greatly benefit from difficult to audit financial instruments.