Close Menu
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
What's Hot

5 Best Fast Growth Stocks to Buy According to Hedge Funds

June 26, 2026

SK hynix ADR listing on Nasdaq draws ETF inflows and arbitrage bets – CHOSUNBIZ – Chosunbiz

June 26, 2026

The Impact of Fundamentals on Volatility Measures of Agricultural Substitutes | Journal of Agricultural and Applied Economics

June 26, 2026
Facebook X (Twitter) Instagram
Trending:
  • 5 Best Fast Growth Stocks to Buy According to Hedge Funds
  • SK hynix ADR listing on Nasdaq draws ETF inflows and arbitrage bets – CHOSUNBIZ – Chosunbiz
  • The Impact of Fundamentals on Volatility Measures of Agricultural Substitutes | Journal of Agricultural and Applied Economics
  • MoJo Real Estate Team Named One of Kansas City’s Top Real Estate Teams for 2026 | Regional News
  • U.S. House Democrat, who may soon run key committee, condemns crypto in 401(k)s
  • At Art Dubai 2026, digital art moves beyond NFTs to ask bigger questions about humanity
  • AI Trading Bots Gain Rapid Adoption Among Retail Investors as QuantRate Expands Global Access
  • NA (DGACU) Cash Equivalents (Quarterly) – Zacks Investment Research
  • Investor who made millions from Bitcoin crash reveals next move
  • McSharry bags silver on opening night in Rome
Friday, June 26
Facebook X (Twitter) Instagram
Aspire Market Guides
  • Home
  • Alternative Investments
  • Cryptocurrency
  • Economics
  • Equity Investments
  • Mutual Funds
  • Real Estate
  • Trading
Aspire Market Guides
Home»Cryptocurrency»Squads Raises $18M For Stablecoin Operating System
Cryptocurrency

Squads Raises $18M For Stablecoin Operating System

By CharlotteMay 4, 20263 Mins Read
Share
Facebook Twitter Pinterest Email Copy Link


Squads this week announced an $18 million strategic round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto, and Robot Ventures, bringing total funding to $42.9 million. This raise accelerates Altitude, a financial operating system built on stablecoin infrastructure.

Stablecoins are changing the infrastructure of business finance. For the last decade, building financial products for businesses meant building on top of banks; bank partnerships were required to hold customer funds and access payment rails. Every new market meant a new bank and a new compliance cycle.

Blockchains changed the underlying infrastructure. Stablecoins turned money into software, allowing treasury and payments to be separated from the fractional reserve system for the first time.

This separation has produced a new category of licensed payment service providers (PSPs) that move money across both stablecoin and traditional banking rails. The market has moved quickly: Stripe acquired Bridge for $1.1 billion, and Mastercard acquired BVNK for $1.8 billion. These PSPs were the missing piece to build a full-stack financial operations platform on stablecoin rails.

Altitude does not hold customer funds. Treasury is held in stablecoins. When funds need to move, they settle on stablecoin rails instantly. When they need to reach traditional banking rails, they do so through a network of licensed stablecoin PSPs.

Since its public launch in December 2025, Altitude has processed more than $200 million in payments for exporters, global agencies, crypto-native companies, and cross-border remote teams. Customers choose Altitude for what stablecoin infrastructure unlocks: global-by-default coverage, multi-currency support, instant settlement, and programmable controls. With $18 million in new funding, Altitude is growing its team, expanding its payment network, and accelerating product development.

“Solana is now mature enough to carry global business finance, regulators have built the frameworks to support it, and for the first time, you can build a full financial platform on a genuinely new system,” said Stepan Simkin, CEO of Squads.

“The Squads team spent the last four years building the security infrastructure that most of the Solana ecosystem runs on. Stablecoins and programmable blockchains are changing how global finance works. This is the team with the technical depth and the vision to build the financial platform that sits on top of that shift,” said Matthew Beck, head of Solana Ventures.

Two criticisms have historically limited stablecoin adoption in mainstream business finance: compliance gaps and security concerns. Squads said Altitude addresses both directly.

On compliance, Altitude has built a proprietary engine that imposes the same checks expected from any regulated fintech: continuous sanctions screening, AML checks, transaction monitoring, and KYB verification. This engine enables every Altitude account to plug into licensed PSPs, including Bridge, MoonPay, Infinite, Due, and others.

On security, Altitude enforces controls at each layer of the stack. At the product layer, every business account comes with programmable controls, granular permissions, and configurable multifactor authentication. At the infrastructure layer, Squads Protocol handles asset custody and money movement, securing more than $10 billion in value. At the settlement layer, every transaction is recorded and settled on Solana.

 





Source link

Related Posts

Cryptocurrency

At Art Dubai 2026, digital art moves beyond NFTs to ask bigger questions about humanity

June 26, 2026
Cryptocurrency

Investor who made millions from Bitcoin crash reveals next move

June 26, 2026
Cryptocurrency

Who is Devin Finzer? Founder of OpenSea and NFTs

June 26, 2026
Cryptocurrency

Bitcoin Whale Activity Heats Up, Can Price Follow Once Again?

June 26, 2026
Cryptocurrency

Altcoin Market Enters Selective Phase as Second-Half Winners, Losers Emerge

June 26, 2026
Cryptocurrency

How Qivalis is Raising the Stakes for a Digital Euro

June 26, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

5 Best Fast Growth Stocks to Buy According to Hedge Funds

June 26, 2026

SK hynix ADR listing on Nasdaq draws ETF inflows and arbitrage bets – CHOSUNBIZ – Chosunbiz

June 26, 2026

The Impact of Fundamentals on Volatility Measures of Agricultural Substitutes | Journal of Agricultural and Applied Economics

June 26, 2026

MoJo Real Estate Team Named One of Kansas City’s Top Real Estate Teams for 2026 | Regional News

June 26, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Featured

US Treasury-focused mutual funds emerge as top performers among debt funds

June 16, 2026

The Curious Case of the ‘Hindu Rate of Growth’

May 29, 2026

SEC Takes Closer Look at Private Equity Continuation Vehicles

June 24, 2026
Monthly Featured

Nigeria recorded improvements in key macroeconomic indicators, stronger growth performance, Edun

April 22, 2026

Yuga Labs settles lawsuit over copied BAYC NFTs with artists Ripps and Cahen

April 11, 2026

Copenhagen Infrastructure Partners sells minority stake in battery energy storage projects

June 10, 2026
Latest Posts

5 Best Fast Growth Stocks to Buy According to Hedge Funds

June 26, 2026

SK hynix ADR listing on Nasdaq draws ETF inflows and arbitrage bets – CHOSUNBIZ – Chosunbiz

June 26, 2026

The Impact of Fundamentals on Volatility Measures of Agricultural Substitutes | Journal of Agricultural and Applied Economics

June 26, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Aspire Market Guides.
  • Contact us
  • Privacy Policy
  • Terms and Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.