Squads Raises $18M to Scale Stablecoin-Powered Financial Platform Altitude
Squads has secured $18 million in a new funding round led by Solana Ventures. The investment pushes the company’s total funding to $42.9 million. The money will speed up development of Altitude, a financial system built on stablecoin technology.
Since its launch in December 2025, Altitude has already processed over $200 million in payments for businesses worldwide. Altitude operates as a global financial platform with built-in multi-currency support. It offers instant settlements and customisable controls for treasury and payments. Unlike traditional systems, it separates treasury functions from fractional reserve banking by using stablecoins.
The platform avoids holding customer funds directly. Instead, treasury balances sit in stablecoins, enabling 24/7 transfers at minimal cost. When access to traditional banking is required, Altitude connects through licensed Payment Service Providers (PSPs).
Security and compliance are managed through proprietary checks. Controls are enforced at every layer to address potential gaps and risks. Kash Dhanda, COO of Jupiter, noted that Altitude simplifies operations by removing common complexities in treasury and payment workflows. The latest funding will help expand Altitude’s reach and capabilities. Businesses using the system benefit from faster, cheaper, and more flexible financial operations. Stablecoin infrastructure allows treasury management to function independently of conventional banking structures.
