Obex set to be Y-Combinator for Stablecoin Startups with $2.5B Mandate

Framework Ventures backed Obex Lands $2.5B Mandate to Build the Y Combinator for Stablecoins.

Forbes' Lawrence Wintermeyer profiles Obex, the new Framework-administered incubator launching with a $2.5 billion USDS mandate from Sky to fund the next generation of yield-bearing stablecoins. The piece covers Obex's 12-week cohort model, its focus on real-world-asset collateral spanning compute, energy, and fintech credit, and why Vance Spencer and the Framework team see institutional underwriting as the missing layer for the sector's next phase of growth.