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

SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

July 29, 2026

Slow Progress on South Africa’s Logistics Reforms

July 29, 2026

Are small-cap funds poised for a revival in FY27? Fund managers share their outlook – Moneycontrol.com

July 29, 2026
Facebook X (Twitter) Instagram
Trending:
  • SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000
  • Slow Progress on South Africa’s Logistics Reforms
  • Are small-cap funds poised for a revival in FY27? Fund managers share their outlook – Moneycontrol.com
  • BTC Price Bitcoin TA Technical Analysis July 2026
  • Gabriele Nigro releases The 9-to-5 Trader, a swing trading system built for people with full-time jobs
  • Pengana Private Equity Trust Cancels 70,219 Units in On-Market Buy-Back – Kalkine
  • Hilton sees strong underlying performance amid macroeconomic ‘noise’
  • Ubisoft Breaks the Seal on Gaming NFTs with Ghost Recon Breakpoint
  • Column: Democratic socialists pose no real threat to America’s free markets
  • Twisted trees, crushed cars and shattered homes in Wisconsin, in photos
Wednesday, July 29
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

SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

July 29, 2026
Cryptocurrency

BTC Price Bitcoin TA Technical Analysis July 2026

July 29, 2026
Cryptocurrency

Ubisoft Breaks the Seal on Gaming NFTs with Ghost Recon Breakpoint

July 29, 2026
Cryptocurrency

Bitcoin faces muted activity as BitMEX shutdown, FOMC uncertainty weigh on sentiment

July 29, 2026
Cryptocurrency

AI Utility Tokens Gain Momentum as Solana Unchained

July 29, 2026
Cryptocurrency

Evernorth Says XRP Could Become the Settlement Engine for Modern Markets, Bridging Crypto and Wall Street

July 28, 2026
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

July 29, 2026

Slow Progress on South Africa’s Logistics Reforms

July 29, 2026

Are small-cap funds poised for a revival in FY27? Fund managers share their outlook – Moneycontrol.com

July 29, 2026

BTC Price Bitcoin TA Technical Analysis July 2026

July 29, 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

Cora Gold stock surges after securing $120m stream financing By Investing.com

April 17, 2026

Santa Clara: Best deals on residential properties in the week of April 20

May 29, 2026

Best Crypto to Buy Now (May 6, 2026)

May 6, 2026
Monthly Featured

CBA, EBRD mull macroeconomic environment in Azerbaijan

April 27, 2026

PGN showcases Sumatra gas infrastructure to investors, eyes growth through network expansion

July 15, 2026

Hedge Fund and Insider Trading News: Daniel Sundheim, Leopold Aschenbrenner, Ken Griffin, Bill Ackman, Millennium Management, Berkshire Hathaway, Strategy Inc (MSTR), Caterpillar Inc (CAT), and More

July 6, 2026
Latest Posts

SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000

July 29, 2026

Slow Progress on South Africa’s Logistics Reforms

July 29, 2026

Are small-cap funds poised for a revival in FY27? Fund managers share their outlook – Moneycontrol.com

July 29, 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.