Ramazan Eles 
Remember Y Combinator (YC), the Silicon Valley powerhouse that helped launch companies like Airbnb, Coinbase, and Stripe? Well, they’re on the hunt for the next big thing, and this time, they’re setting their sights on the promising world of stablecoin finance.
In their annual request for startups (RFS) list, YC has included stablecoin finance as a key area for potential investment.
“We would like to fund great teams building B2B and consumer products on top of stablecoins, tools and platforms that enable stablecoin finance, and more stablecoin protocols themselves,” writes Brad Flora, a Group Partner at YC.
They see major potential in stablecoins, comparing their trajectory to the rise of digital music. Just like music went from outlawed file-sharing to a legitimate industry, YC believes stablecoins will follow suit, ultimately gaining widespread adoption in traditional finance.
While the current market value of issued stablecoins sits at a hefty $136 billion, YC suggests this is just the tip of the iceberg. “The opportunity seems much more immense still,” they write. This is supported by the fact that despite the significant value, only a small fraction of people (around 7 million) have actually used stablecoins, and major issuers are still limited.
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