Squads launches stablecoin accounts for enterprises, receives strategic investment from Haun Ventures

According to BlockWorks, the blockchain development team Squads (which builds multi-signature protocols on Solana) has launched an innovative product called Altitude. This solution is essentially a native stablecoin account system that allows businesses to open USD accounts and manage funds directly, without relying on traditional banks or U.S. entities. Additionally, Squads announced that they have received strategic investment from Haun Ventures, but CEO Stepan Simkin declined to disclose specific figures.