Squads raises $18M to expand Altitude stablecoin platform
6.9 Investments Squads raised $18M led by Solana Ventures to expand Altitude, its stablecoin platform. Total funding is now $42.9M. Altitude enables global, 24/7 stablecoin payments for businesses.
Squads has secured $18 million in a strategic funding round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, Jump Crypto, Collab+Currency, Electric Capital, Placeholder, and Robot Ventures. This brings the company’s total funding to $42.9 million. The new capital will support the expansion of Altitude, Squads’ stablecoin platform designed to replace traditional banking for businesses. Altitude offers 24/7 stablecoin transactions, multi-currency accounts, corporate cards, global payments, and yield on balances, all managed through self-custodial wallets. Altitude supports payments in over 150 countries and integrates with providers like Bridge, MoonPay, Infinite, and Due, enabling ACH, SEPA, wire, SWIFT, and stablecoin payments from a single balance. Since launch, Altitude has processed over $200 million in payments and streamlines compliance with a unified onboarding process. Squads’ multisig protocol secures over $10 billion in assets across the Solana ecosystem, reinforcing its role as a core infrastructure provider.
