Y Combinator’s Request for Onchain Startups

Y Combinator, in collaboration with Base and Coinbase Ventures, announced Request for Startups: Fintech 3.0, inviting founders to build new financial systems onchain. The article, a Base blog post, cites three shifts it says make this the moment: the GENIUS Act's federal framework for US stablecoins, Layer 2 chains that Base says now process transactions in under one second for under one cent, and growing adoption, including $30 trillion in stablecoin settlements last year. It highlights stablecoins, tokenization and trading, and apps and agents as areas of opportunity, citing J.P. Morgan's JPMD deposit tokens on Base as an example of institutional use.