According to the new report, Squads is positioning Altitude as enterprise stablecoin account infrastructure, reinforcing Solana’s role in managing onchain dollar treasuries after the company raised $18 million.
Squads has raised $18 million in a strategic equity round led by Solana Ventures, bringing total funding to $42.9 million. The new report says the company plans to scale Altitude, its stablecoin accounts product for enterprises, as it expands beyond payments infrastructure into onchain dollar treasury management. Earlier reporting cited more than $200 million in payments processed since Altitude’s public beta launched in December, adding evidence of adoption on Solana-based financial infrastructure.