The Solana multi-signature protocol has locked over $1B in USDC, solidifying its role as the default stablecoin, following a US$10M Series A led by Electric Capital.
On August 13th, PANews reported that Squads, a multi-signature protocol in the Solana ecosystem, announced a strategic partnership with Coinbase to boost USDC adoption. Squads has locked over $1 billion in USDC—about 15% of Solana's total supply—reinforcing USDC as the default stablecoin. Earlier, Squads completed a US$10 million Series A financing round led by Electric Capital.