According to Wu, Y Combinator's October 2026 report on crypto startup trends indicates that in the past year, for the first time, crypto applications have been dominated by institutions rather than consumers, with the main driving force shifting from speculation to real financial needs such as oil price risk hedging and cross-border corporate fund transfers. YC predicts that assets such as stablecoins, stocks, debt, commodities, and real estate will be further tokenized, and new assets such as startup equity and small-denomination securities worth less than $10,000 will be issued through blockchain, driving the development of financial services such as trading, lending, and derivatives. AI agents will become one of the main participants in financial activities. In the next six months, YC will focus on using blockchain to finance the AI industry, new USD and non-USD stablecoins targeting niche markets, new types of stablecoin-based banks, tokenization of real-world assets, new trading platforms and interfaces, and AI agent trading and related API infrastructure. YC believes that blockchain technology and stablecoins may impact traditional stock exchanges and the banking system, respectively. https://(wublock123.com)/news/y-combinator-crypto-report-stablecoins-tokenization-ai-agents-70882