Squads launches enterprise-level stablecoin account service Altitude and has received strategic investment from Haun Ventures

Mars Finance reports that Solana ecosystem multi-signature protocol developer Squads has announced the launch of Altitude, an enterprise-level stablecoin account service. This service allows enterprises to directly open and manage USD accounts on the blockchain, completely bypassing the traditional banking system. Stepan Simkin, CEO of Squads, explained that the service runs on smart contracts and can ensure three core advantages: fund ownership, programmability, and transparency. The most prominent feature of the Altitude service is that enterprise users no longer need to rely on traditional banks or US entities, with all funds being custodied by on-chain smart contracts. The project has currently received strategic investment from Haun Ventures, with the specific amount yet to be disclosed.