Y combinator, base and Coinbase Ventures Launch ‘Fintech 3.0’ while finance continues the chain
Y combinator, the Silicon Valley Startup Incubator behind Airbnb, Coinbase and Stripe, cooperates with bases and coinbase ventures to create the next wave of so -called “Fintech 3.0” companies, according to a post on the blog on Tuesday.
Companies have opened applications to the “Fintech 3.0” companies, saying it is looking for themes such as expanding stablecoins beyond the dollar in local currencies, tokenizing assets such as stocks and credit markets and developing consumer -facing applications including AI -driven agents.
This is part of the ongoing efforts of these companies to move the financial industry. A key example of this is base, the Ethereum overlay blockchain attached to the Coinbase that recently cooperated with Shopify to offer a global USDC payment.
“Our base mission is to build a global economy that increases change, creativity, and freedom. To do this, we need more founders to come up with on-chain businesses so that anyone, anywhere can participate in the global economy,” said the blog post on the blog.
The initiative arrived as US lawmakers moved to clarify the rules for the crypto. The Genius Act, a new US law in charge of Stablecoins, aims to bring federal clarity by directing regulators to generate specific rules for stablecoin providers. US lawmakers are constantly working on the broader law of the crypto market structural law.
