Since Trump issued coins and implemented a series of tariffs before taking office, the crypto market has been in a state of volatility and decline. However, in this context, new projects and discussions worthy of attention have been emerging in the stablecoin and cross-border payment tracks. In this article, BlockBeats sorted out the startups related to the crypto field in the latest W 25 program of the well-known incubator Y Combinator. Four of them are related to payment or stablecoins. This article is for readers reference only.
Related reading: Why has the cryptocurrency market evaporated $900 billion, but the market value of stablecoins has hit a record high?
BlindPay
BlindPay is a stablecoin payment interface that helps companies send and receive funds globally through fiat currencies, stablecoins, and multiple blockchain networks. BlindPay handles all complex compliance and regulatory requirements, allowing companies to focus on their core business.
BlindPay provides fiat payment gateway integration, which developers can integrate into their applications with minimal code. Its SDK supports multiple programming languages and frameworks, and is supported by a developer-friendly REST API with public OpenAPI documentation. BlindPay is compatible with multiple blockchains and major stablecoins, and can directly integrate local payment systems such as Mexicos SPEI, Brazils Pix, Colombias PSE, and Argentinas Transfers. The platform provides independent sandbox and production environments, 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 is responsible for instant payment solutions at PicPay; Joao Borges founded a large Brazilian blockchain startup, a contributor to the Nouns DAO ecosystem, and was selected for the Forbes 30 Under 30 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 the loan market and instant payments at PicPay, and founded Dropull.
Infinite
Infinite is a stablecoin payment processing platform that provides businesses with ready-to-use APIs and SDKs, enabling instant global fund flows at a cost far lower than traditional solutions.
Infinite works with startups and mid-sized companies related to global payments, contractor payments and financial management, covering multiple areas. Its services include creator economy payments, helping platforms reduce payment costs and increase payment success rates; global salary payments, improving coverage and optimizing tax compliance; cross-border payments in the logistics industry, accelerating settlement and reducing fees; e-commerce platform payments, providing low-cost payment solutions for global sellers and service providers; new banks and SME 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, formerly head of platform products at Sardine and Coinbase. Raj Lad, co-founder and CTO of Infinite, formerly head of payment technology at Sardine, led 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, and spend in any scenario around the world using Visa cards.
For users, the experience is similar to that of a bank - but at the underlying level, Karsa provides liquidity by connecting to a verified peer-to-peer stablecoin dealer network, and user deposits are actually paid to these dealers.
The founders are Shahryar Hasnani, who was BD of an Ethereum infrastructure startup, and Dale Wilson, who was the head of development of a Layer 1 artificial intelligence blockchain protocol.
PAX Markets
PAX is the worlds first crypto trading platform in the capital market that uses a single-chip architecture instead of a traditional data center. By shortening the distance between trading servers to the nanometer level, PAX achieves unprecedented trading speeds. This technological advantage creates huge value for high-frequency trading customers, while benefiting all participants through a zero-fee + cashback mechanism for each transaction.
The fastest trading platforms today have a round-trip latency of 30 microseconds, PAX compresses this to 30 nanoseconds (1000x faster). The Lambda API enables participants to submit orders in response to market events, including canceling orders due to falling price levels after a block trade, and placing market orders based on events from different assets using local or remote market data.
PAX co-founders Pete Stevenson and Benjamin Kilimnik have many years of high-frequency trading experience, covering both crypto and traditional markets.
Axiom
Axiom is a decentralized financial trading platform that currently provides meme coins, perpetual contracts and income products. According to official data, the platforms monthly recurring income has reached 10 million US dollars and its monthly net profit has reached 5 million US dollars since its launch.
The founding team consists of two people. Henry worked on ad-generating AI development at TikTok, completed his studies in two years, and founded two startups, one of which was successfully exited. Preston interned at Doordash, studied EECS at the University of California, Berkeley, and successfully exited the company he founded during his undergraduate studies.
