Squads Launches Enterprise-Ready Stablecoin Account, Secures Strategic Investment from Haun Ventures

BlockBeats News, May 14th, according to BlockWorks, the blockchain development team Squads (building a multisig protocol on Solana) has released an innovative product—Altitude. The solution is essentially a stablecoin-native account system that allows businesses to open a USD account directly and manage funds without relying on traditional banks or US-based entities.

Furthermore, Squads has announced that they have also received strategic investment from Haun Ventures, although CEO Stepan Simkin has refused to disclose specific numbers.