Altitude

Run your business on stablecoins. Financial operating system for businesses on the frontier.

Altitude is a stablecoin-native account for businesses, combining multi-currency USD and EUR accounts, cards, fee-free on and off ramps, and global payments over ACH, wire, SEPA, and SWIFT rails. Built by Squads, the team behind a Solana multisig protocol that has secured over $10 billion in value and processed more than $3 billion in stablecoin transfers , the product is aimed at companies that want to hold and move dollars without depending on a US entity or a traditional bank account, from stablecoin-native teams to global enterprises . The launch lands alongside an $18 million strategic round led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto, and Robot Ventures . Squads CEO Stepan Simkin positions Altitude as a financial platform built directly on stablecoin rails rather than a frontend wrapping a bank, with true ownership, true programmability, and real transparency as the architectural bet. The funding is being used to grow the team, expand the payment network, and accelerate product development. For founders and CFOs, the practical promise is opening USD and EUR accounts, earning APY on balances, and reaching 200 countries and 11,000 banks from a single balance through SWIFT and other rails. Squads has also acknowledged compliance and security as the main barriers to business stablecoin adoption, and says Altitude addresses them with continuous sanctions screening , which matters now that regulators have built clearer frameworks and onchain dollar volumes have moved past the experimental phase.

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