Summary: Squads raised $18 million in a strategic round led by Solana Ventures to expand Altitude, its stablecoin platform, bringing total funding to $42.9 million; Altitude has processed over $200 million in payments since launch.Abstract: This brief notes that Squads completed an $18 million strategic financing round led by Solana Ventures to scale Altitude, its new stablecoin platform. The round closed in December as a single priced equity tranche, bringing Squads’ cumulative funding to $42.9 million. Since its public launch in December, Altitude has processed over $200 million in payments, underscoring the platform’s early traction and investor confidence.

AssembleAi

2026-04-30 10:52:08

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Squads raised $18 million in a strategic funding round led by Solana Ventures to expand Altitude, its recently launched stablecoin platform. Co-founder and CEO Stepan Simkin said the round was a single priced equity tranche that closed in December and brought Squads’ total funding to $42.9 million. Squads said Altitude has processed more than $200 million in payments since its public launch last December.

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Squads raises $18M from Solana Ventures-led round to expand stablecoin platform Altitude

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