Breaking: Major traditional banking institution reportedly halts operations on accounts connected to several Y Combinator-backed stablecoin ventures, citing potential sanctions compliance issues. The frozen accounts allegedly belong to BlindPay and Kontigo, both emerging players in the stablecoin ecosystem. This latest action reflects growing scrutiny from mainstream financial institutions regarding crypto startups' regulatory standing and their ability to operate within existing sanctions frameworks. The move signals intensifying pressure on crypto-native firms to demonstrate robust compliance infrastructure and banking partnerships.