Squads has raised $18 million, reflecting strong investor demand for stablecoin infrastructure that supports real business payments beyond crypto trading. The round was led by Solana Ventures in New York, with participation from Coinbase Ventures, Haun Ventures, L1D in Switzerland, Collab+Currency, Electric Capital in Palo Alto, Placeholder, Jump Crypto, and Robot Ventures in New York. This brings the company’s total funding to $42.9 million. The Altitude platform provides businesses with USD accounts on Solana and has reportedly processed over $200 million since its launch in December 2025. This funding round indicates that stablecoin fintech is becoming more operationally focused, with an emphasis on treasury, payments, and bankless business finance workflows.

Stablecoin Fintech Squads Raises $18M to Expand Altitude Platform