A list of 5 latest crypto projects Y Combinator has incubated

Since Trump took office, the crypto market has been fluctuating and falling, but in this context, new projects and discussions worth paying attention to have emerged in stablecoins and cross-border payment tracks. This article BlockBeats sorts out startups related to the latest phase of the well-known incubator Y Combinator, W25, the cryptocurrency industry. Four of them are related to payments or stablecoins, for readers' reference only.

BlindPay

BlindPay is a stablecoin payment interface that helps enterprises to receive and receive funds globally through fiat currency, stablecoins and a variety of blockchain networks. BlindPay is responsible for handling all complex compliance and regulatory requirements, allowing enterprises to focus on core business.

BlindPay provides fiat payment gateway integration that developers can integrate into applications with minimal code, its SDK supports multiple programming languages ​​and frameworks, powered by a developer-friendly REST API, with exposed 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 a separate sandbox and production environment, equipped with unique API keys and webhooks, and supports real-time payment tracking and transaction monitoring.

The founding team includes Bernardo Simonassi, who developed the first stablecoin-based salary payment platform, and was responsible for instant payment solutions at PicPay; Joao Borges founded a large Brazilian blockchain startup and a contributor to the Nouns DAO ecosystem, and was selected as the Forbes Under 30 Elite List; Gabriel Lyra was responsible for financial infrastructure at LendingClub and infrastructure optimization at AWS; Gustavo Marinho focuses on Latin American financial products, was responsible for loan markets and instant payments at PicPay, and founded Dropul.

Infinite

Infinite is a stablecoin payment processing platform that provides enterprises with ready-to-use APIs and SDKs, enabling instant global capital flows at a cost far lower than traditional solutions.

Infinite works with startups and mid-sized enterprises related to global payments, contractor payments and financial management, covering a variety of areas. Its services include creator economic payments, helping the platform reduce payment costs and improve payment success rate; global salary payments, improve coverage and optimize tax compliance; cross-border payments in the logistics industry, speed settlement and reduce fees; e-commerce platform payments, providing low-cost payment solutions for global sellers and service providers; new banks and small and medium-sized enterprise banks in emerging markets, supporting stablecoin asset management and global remittances; and the e-sports and gaming industry, providing instant local withdrawal options.

The founding team includes Nikhil Srinivasan, co-founder and CEO of Infinite, and formerly head of product for Sardine and Coinbase platforms. Raj Lad, co-founder and CTO of Infinite, was formerly the head of payment technology at Sardine, leading global stablecoin payment and credit risk process products.

Karsa

Karsa is a stablecoin digital bank serving emerging markets. Users can deposit funds through local payment methods, purchase US dollar stablecoins, deposit funds into US bank accounts to save, and spend in any scenarios around the world through Visa card.

For users, their user experience is similar to that of banks - but at the bottom, Karsa provides liquidity by connecting to a network of proven peer-to-peer stablecoin dealers, and users' deposits are actually paid to these dealers.

The founders are Shahryar Hasnani, who served as Ethereum infrastructure startup BD, and Dale Wilson, who was the head of artificial intelligence blockchain protocol development for a Layer 1.

PAX Markets

PAX is the world's first crypto trading platform in the capital market field that adopts a single chip architecture rather than a traditional data center. By shortening the trading server distance to the nanometer level, PAX achieves unprecedented trading speed. This technological advantage creates huge value for high-frequency trading customers, and at the same time benefits all participants through the zero handling fee + cashback mechanism per transaction.

The fastest trading platform currently has a round trip delay of 30 microseconds, which PAX compresses to 30 nanoseconds (1000 times faster). The λ API enables participants to submit orders in response to market events, including canceling orders due to price levels after bulk transactions, and using local or remote market data to place market orders based on events from different assets.

PAX co-founders Pete Stevenson and Benjamin Kilimnik have many years of experience in high-frequency trading, covering crypto and traditional markets.

Axiom

Axiom is a decentralized financial trading platform and currently provides meme coins, perpetual contracts and income products. According to official data, the monthly recurring revenue has reached US$10 million after the platform is launched and the monthly net profit is US$5 million.

There are two founding teams. Henry has worked in advertising-generated AI development at TikTok, completed his studies within two years and founded two startups, one of which successfully quit. Preston, who was an intern at Doordash, studied at the EECS major at the University of California, Berkeley, successfully quit.