YC: Requests for Startups

Great that they are looking at Stablecoins, and by extension blockchain / crypto. The unwarranted hate on HN for this tech is a very interesting mirror on perspectives of economics and finance. The crypto economy advances year after year, as does the tech, but you would never know it perusing HN.

Do you have some ideas for this request? What’s a stablecoin development that’s needed?

With USDC and local fiat-crypto exchanges available in nearly every country, it is now possible to hire a truly global workforce and pay them with a crypto-payment vendor. If some company systematically went country by country, learned the local HR laws, partnered with the most trusted exchange, and then handled all accounting and taxes, a truly global HR and payment system could be built to make onboarding and paying everyone 10x simpler.

Even better is the employees could keep most of their money in USDC and only convert to fiat when they need to pay bills. Now they have a dollar bank account and avoid local inflation.

What does this part mean? “Now they have a dollar bank account and avoid local inflation.” Because they have USDC as their payment currency?