[raincole]

FYI, when people talk about stablecoins, they usually mean fiat-backed stablecoins, which are coins that are expected to maintain the same exchange rate against fiat currencies, and which is usually just USD. Some literally have 'USD' in their names.

> There's lots of reasons to be concerned about relying on USD.

So no, even if this statement is true it's irrelevant to this thread.

[sigmar]

okay. you realize USDC can be swapped to other currencies in minutes? Do you think Y comb expects founders to just hold the USDC permanently?

[Calavar]

Sure, you can swap a USD tethered stablecoin to another currency. You can also do that with USD itself. What is the value add of injecting an extra step by first converting your USD to stablecoin?

[Spooky23]

Dude, how are techbro fintech innovators going to buy Ferraris? Think of the adult children!

[jszymborski]

I've never raised money, but I'd imagine that's the expectation. Seems personally pretty insane to dump your company's runway into highly volatilr and purely speculative assets which might lose 10% in a single day.