YC’s first all‑stablecoin investment

Y Combinator has made its first reported startup investment paid entirely in stablecoins, sending Totalis $500,000 in USD Coin on Solana. (theblock.co) Totalis said Monday, April 13, that the money arrived in three onchain transfers: a $1 test, then $124,999 and $375,000. The startup said it holds the funds on Ramp, a financial operations platform. (theblock.co) Y Combinator’s standard deal is $500,000 per company: $125,000 for 7% equity plus $375,000 on an uncapped SAFE with a most-favored-nation clause. In Totalis’s case, the amount matched that standard package, but the settlement rail was a blockchain transfer instead of a bank wire. (ycombinator.com) A stablecoin is a crypto token designed to hold a steady price, usually one U.S. dollar for one token. Solana is the blockchain network that recorded the transfers, and its appeal in payments is fast settlement with low fees. (crowdfundinsider.com) Totalis is building what Y Combinator calls a “derivative layer for prediction markets.” The company’s Y Combinator profile says it was founded in 2026 by Eric Liu and Pravesh Mansharamani and is part of batch P26. (ycombinator.com) Prediction markets let traders buy and sell contracts tied to future events, from elections to sports to crypto prices. Several reports said Totalis is trying to expand that model with combined or cross-market trades rather than single-event bets. (ycombinator.com; bitrss.com) Crypto outlets described the deal as a first for Y Combinator, and some reports said Chief Executive Garry Tan plans to make stablecoin payments available to other Y Combinator startups, not only crypto companies. Y Combinator has not posted that broader policy on its standard deal page. (theblock.co; kucoin.com; ycombinator.com) The transaction does not change Y Combinator’s core investment terms. It shows that, for at least one Spring 2026 company, the money itself now moved like software. (ycombinator.com; theblock.co)