Overview of Five Latest Cryptocurrency Projects Incubated by Y Combinator
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Overview of Five Latest Cryptocurrency Projects Incubated by Y Combinator
Stablecoins and cross-border payments account for the majority.
Navigating Web3 tides with focused insightsCompiled by: shushu, BlockBeats
Since Trump's pre-inauguration token launch and a series of tariff actions, the crypto market has remained volatile and declining. However, against this backdrop, new projects and notable discussions continue to emerge in the stablecoin and cross-border payment sectors. This article compiles cryptocurrency-related startups from Y Combinator’s latest W25 cohort—four of which are focused on payments or stablecoins—for reader reference.
Related reading: Why Did the Crypto Market Lose $90 Billion While Stablecoin Market Cap Hit an All-Time High?
BlindPay
BlindPay is a stablecoin payment interface enabling businesses to send and receive funds globally using fiat, stablecoins, and multiple blockchain networks. BlindPay handles all complex compliance and regulatory requirements, allowing companies to focus on their core operations.
BlindPay offers integration with fiat payment gateways; developers can integrate it into applications using minimal code. Its SDK supports multiple programming languages and frameworks, backed by a developer-friendly REST API and publicly available OpenAPI documentation. BlindPay is compatible with multiple blockchains and major stablecoins, and can directly integrate local payment systems such as SPEI in Mexico, Pix in Brazil, PSE in Colombia, and Transfers in Argentina. The platform provides separate sandbox and production environments with unique API keys and webhooks, supporting real-time payment tracking and transaction monitoring.
The founding team includes Bernardo Simonassi, who developed the first stablecoin-based payroll platform and led instant payment solutions at PicPay; Joao Borges, founder of a major Brazilian blockchain startup, contributor to Nouns DAO, and Forbes 30 Under 30 honoree; Gabriel Lyra, who led financial infrastructure at LendingClub and infrastructure optimization at AWS; and Gustavo Marinho, focused on Latin American financial products, previously leading loan markets and instant payments at PicPay and founder of Dropull.
Infinite
Infinite is a stablecoin payment processing platform offering ready-to-use APIs and SDKs that enable instant global money transfers at a fraction of traditional costs.
Infinite collaborates with startups and mid-sized enterprises related to global payments, contractor payouts, and financial management across various industries. Its services include creator economy payments, helping platforms reduce costs and improve success rates; global payroll, expanding coverage and optimizing tax compliance; cross-border logistics payments, accelerating settlements and reducing fees; e-commerce payments, offering low-cost solutions for global sellers and service providers; neobanks and SME banking in emerging markets, supporting stablecoin asset management and global remittances; and esports and gaming, providing instant local cash-out options.
The founding team includes Nikhil Srinivasan, co-founder and CEO of Infinite, formerly platform product lead at Sardine and Coinbase. Raj Lad, co-founder and CTO of Infinite, previously led payment technology at Sardine, overseeing global stablecoin payments and credit risk process products.
Karsa
Karsa is a stablecoin digital bank serving emerging markets. Users can deposit funds via local payment methods, purchase USD stablecoins, store them in U.S. bank accounts for savings, and spend globally using a Visa card.
For users, the experience resembles that of a traditional bank—but underneath, Karsa sources liquidity through a network of verified peer-to-peer stablecoin dealers. User deposits are effectively paid to these dealers.
The founders are Shahryar Hasnani, formerly in business development at an Ethereum infrastructure startup, and Dale Wilson, former head of development at a Layer 1 AI blockchain protocol.
PAX Markets
PAX is the world’s first capital markets crypto trading platform built on a single-chip architecture instead of traditional data centers. By reducing the distance between trading servers to the nanometer level, PAX achieves unprecedented trading speed. This technological edge delivers significant value to high-frequency traders, while zero fees per trade plus cashback benefits all participants.
The fastest existing trading platforms have a round-trip latency of 30 microseconds; PAX reduces this to just 30 nanoseconds—1,000 times faster. The λ API enables participants to submit orders in response to market events, including canceling orders when price levels drop after large trades, or placing market-entry orders based on events from different assets using local or remote market data.
PAX co-founders Pete Stevenson and Benjamin Kilimnik bring years of high-frequency trading experience across both crypto and traditional markets.
Axiom
Axiom is a decentralized financial trading platform currently offering meme coins, perpetual contracts, and yield products. According to official data, the platform achieved $10 million in monthly recurring revenue and $5 million in monthly net profit shortly after launch.
The founding team consists of two members: Henry, who worked on generative AI for advertising at TikTok, completed his studies within two years, and founded two startups—one of which was successfully exited. Preston interned at Doordash, studied EECS at UC Berkeley, and exited a company he founded during undergrad.
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