PANews reported on April 29th that Squads , a multi-signature protocol project within the Solana ecosystem, has completed an $ 18 million equity funding round led by Solana Ventures , with participation from Coinbase Ventures , Haun Ventures , L1D , and others, bringing its total funding to $ 42.9 million. Squads will use the funds to expand its stablecoin settlement platform, Altitude , which focuses on enabling businesses to manage funds and payments using stablecoins instead of traditional bank accounts. Since its public beta launch last December , Altitude has processed over $ 200 million in payments for exporters and cross-border teams, with funds held in stablecoins through a self-custodied wallet. Squads claims its platform incorporates compliance procedures such as sanctions screening, anti-money laundering, transaction monitoring, and corporate KYC , and integrates with payment service providers like Bridge and MoonPay to cover global operations.