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If they aren’t a crypto startup where it’s normal to pay others in stable coins, what is the benefit?
by throw03172019 8mo ago
If they aren’t a crypto startup where it’s normal to pay others in stable coins, what is the benefit?
- JohnTHaller 8mo agoHyping crypto and "stable" coins
- daveguy 8mo agoYup. 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.
- verdverm 8mo agoCircular funding / money flows YC -> Circle -> Coinbase -> YC
- cobbal 8mo agoOhhhh... So that's why it's called Y combinator.
- nailer 8mo agoAxium (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.
- wmf 8mo agoHow do they use stablecoins?
- michaelt 8mo agoAxiom'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 https://www.ycombinator.com/companies/axiom
- nemild 8mo agoFast, cheap money movement globally (compared to wire or ACH in US). At this phase, stablecoins are largely best for easy money movement, but the money ends up in fiat. We are seeing some examples of teams using it for payouts, e.g., Gusto and Deel both support stablecoin payouts. Expect that to grow, but still very early days.